CandleFocus Senior FED Member Speaks After Critical US Employment Data! Will Interest Rate Cuts Come?
2024-09-06
Author: Content Editor
In a recent speech, Fed member Christopher Waller hinted at the possibility of rate cuts this month, but did not specify the magnitude of these cuts. He suggested a starting point of 25 basis points but reserved the option to accelerate rate cuts if economic conditions deteriorate further. Waller emphasized the importance of incoming economic data in driving future decisions. While he does not believe the economy is in a recession, he stated that he would support larger rate cuts if necessary. Waller's comments align with Federal Reserve Chairman Jerome Powell's view that it is time to ease policy due to rising inflation and a slowing labor market. Economic indicators released on Friday showed a gradual slowdown in the labor market, further influencing the Fed's approach to rate cuts.
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