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flag Fed's Waller backs December rate cut, pending upcoming jobs and inflation data.

flag Federal Reserve Governor Christopher Waller supports a December interest rate cut, citing a weak labor market and expected inflation decline, though he says January's decision will depend heavily on upcoming economic data, including October and November jobs and inflation reports. flag He remains cautious about near-term labor market improvements and emphasized data-driven policymaking, noting that strong data could delay further cuts. flag Waller, a potential successor to Chair Jerome Powell, also highlighted a positive meeting with Treasury Secretary Scott Bessent, focusing on economics over politics.

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