Fed Governor Waller indicates he will support holding rates steady at September meeting
Waller said a hotter inflation report could still push him toward a hike, while recent trends and 3.7% annual inflation suggest a pause.
- Federal Reserve Governor Christopher Waller indicated Thursday he will support holding interest rates steady at the September meeting, provided incoming inflation data shows no surprises.
- These remarks contrast with comments Chairman Kevin Warsh made last week at the Jackson Hole, Wyo., symposium, where Warsh argued recent softer inflation readings "do not tell me that underlying trends have meaningfully improved."
- Though July headline inflation was 3.7% and core at 3.3%, Waller noted the three-month rate slipped from 4.76% to 3.05%, describing this trajectory as "a considerable improvement, and the speed of this downward trajectory is encouraging."
- Waller warned policy is only "slightly restricting aggregate demand," adding that if inflation reverses, "a small adjustment in our stance would help ensure that it resumes."
- The Fed awaits consumer and producer price indexes from the Bureau of Labor Statistics next week, which will be critical ahead of the September 15-16 meeting.
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Fed Governor Waller Signals September Rate Cut Could Be Avoided if Inflation Remains Elevated
Federal Reserve Governor Christopher Waller said Thursday that he would support keeping U.S. interest rates at their current level at the central bank's next policy ... The post Fed Governor Waller Signals September Rate Cut Could Be Avoided if Inflation Remains Elevated first appeared on [your]NEWS.
The fall in rates was triggered by the reassuring words of a governor of the Federal Reserve, waiting for the August figures on US inflation on 11 September, before the next meeting a few days later. "If there is continued progress towards our 2% target, then I am ready to support the maintenance of the policy rate at its current level (3.75% ndlr)," said Christopher Waller, at an event organized by Reuters. "But if inflation is high, I will con…
Fed rate hike odds fall to 38% as Waller awaits CPI
September rate-hike odds have fallen to 38% on Polymarket after Federal Reserve Governor Christopher Waller said cooling August inflation could persuade him to support holding rates steady. Waller makes August CPI the Fed rate hike test The Federal Reserve said…
Fort Smith/Fayetteville News
Fed governor gives outlook on future potential interest rate hike
Recent remarks from one member of the Federal Reserve's seven-person governing board suggests that an interest rate hike later this month is not a done deal.
The Fed’s Waller Says He’d Hold Rates Steady -- But His “If” Is Doing a Lot of Heavy Lifting
Fed Governor Christopher Waller just gave bond markets a reason to breathe easier, but buried inside his reassuring comments sits a single word that could unwind everything investors took from his speech.
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