? Data-Driven Decisions: Fed Governor Christopher Waller expressed that a stellar week of economic data might give the central bank a breather on policy decisions. While inflation reports were encouraging, Waller emphasized the need for patience and data-driven actions. ? Inflation Inspection: Waller, known for his hawkish stance, highlighted the unpredictability of inflation trends. He mentioned being “burned” by sudden inflation spikes in the past and stressed the importance of monitoring trends for a few more months before making definitive moves.
? Rate Hike Riddles: Markets predicted the Fed might skip a rate hike in its September meeting. However, there’s a hint of uncertainty for the October-November session. Waller hinted that one more hike might not necessarily plunge the economy into recession. |
