Fed Governor Christopher Waller suggests a possible December rate cut, pending economic data.

Federal Reserve Governor Christopher Waller is leaning towards supporting a December interest rate cut but emphasizes that his decision hinges on upcoming economic data. While inflation has been declining, it remains above the Fed’s 2% target, raising concerns. Waller notes that a rate cut wouldn't significantly risk reigniting inflation, but warns that incoming data could change his stance. The Fed previously cut rates in September and November to address inflationary pressures.

4 months ago
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