Fed Waller Backs Steady Rates
Federal Reserve Governor Christopher Waller stated he is leaning toward keeping interest rates steady this month if incoming inflation data shows ongoing moderation. He urged patience to allow the cooling process to play out while noting a hot report could trigger a rate hike.
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Federal Reserve Governor Christopher Waller said on Thursday he is leaning toward keeping interest rates steady this month if incoming inflation data shows continued moderation. The comments from the central bank official challenge market expectations of an imminent rate hike in the United States. Investors reacted swiftly, with stock prices rising and Treasury yields falling following the remarks.
