Fed's Waller signals support for holding rates steady if August inflation shows progress
Federal Reserve Governor Christopher Waller indicated he would support keeping interest rates unchanged at the September FOMC meeting if upcoming August inflation data confirms cooling price pressures. Waller warned a rate hike remains possible if inflation comes in hot, noting the current 3.50%-3.75% policy rate is only slightly restrictive. Traders reduced rate hike bets, and Treasury prices rose following his dovish remarks.
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Treasuries Rise After Fed's Waller Signals Steady Rates If Inflation Slows
U.S. Treasury prices rose following comments from Federal Reserve Governor Christopher Waller, who indicated he would prefer to keep interest rates unchanged as long as inflation continues to decline. Waller's remarks, which suggest a patient approach to monetary policy, were interpreted by markets as a signal that the central bank is in no rush to cut rates. The bond market reacted positively, with yields falling as prices increased. This development provides insight into the Fed's current stance on inflation and interest rate adjustments, reinforcing expectations of a steady policy path in the near term.
Fed's Waller open to leaving rates unchanged this month if inflation cools
Federal Reserve Governor Christopher Waller stated on Thursday that if upcoming August inflation data confirms cooling price pressures, he would support keeping interest rates unchanged at the September 15-16 policy meeting. However, Waller warned that a rate hike remains possible if inflation comes in hot, noting the current 3.50%-3.75% policy rate is only slightly restrictive. He emphasized that inflation is still meaningfully above the 2% target but making slow progress. Waller's remarks shifted market expectations, with traders now seeing just above even odds of a rate hike, down from about 60% earlier. He identified upside risks including higher energy prices, AI-related technology goods price pressures, and potential tariff increases, but downplayed ongoing impacts from energy and tariffs. The speech follows Fed Chairman Kevin Warsh's Jackson Hole comments signaling potential action if inflation does not moderate.
Traders reduce Fed rate hike bets after Waller cites disinflation trend
Traders have scaled back expectations for further Federal Reserve interest rate hikes following comments from Fed Governor Christopher Waller pointing to disinflationary trends in the economy. The market adjustment reflects a shift in sentiment after Waller's remarks suggested that inflationary pressures may be easing, reducing the likelihood of aggressive monetary tightening. This development comes amid ongoing monitoring of economic data by investors and policymakers to gauge the pace of inflation and the appropriate path for interest rates. The reaction underscores the sensitivity of financial markets to signals from Federal Reserve officials regarding the future direction of monetary policy.
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Fed's Waller to Support Holding Rate Steady if August Inflation Shows Progress
Federal Reserve Governor Christopher Waller indicated he would support keeping the policy rate unchanged at the September Federal Open Market Committee (FOMC) meeting, provided that August inflation data continues to show progress toward the central bank's target. The remarks were interpreted as dovish by market participants, leading to a rise in Treasury prices. Waller's conditional stance suggests the Fed is monitoring incoming economic data closely before committing to further rate adjustments. The statement reinforces expectations that the central bank may hold rates steady in the near term if inflation continues to moderate, while leaving the door open for future moves depending on economic conditions.
Fed Governor Waller Signals Support for Holding Interest Rates Steady in September
Federal Reserve Governor Christopher Waller has indicated that he will support keeping interest rates unchanged at the central bank's upcoming September meeting. This statement, reported by CNBC, provides insight into the Fed's current policy stance as it continues to assess economic conditions. Waller's position suggests a pause in the rate hiking cycle, reflecting the Fed's ongoing efforts to balance inflation control with economic stability. The decision to hold rates steady would maintain the current federal funds rate target range, which has been a key tool in the Fed's fight against inflation. Market participants closely watch such signals from Fed officials for clues about the future direction of monetary policy. Waller's comments come ahead of the Federal Open Market Committee's (FOMC) scheduled meeting in September, where policymakers will deliberate on the appropriate course of action based on the latest economic data and forecasts.