Waller Makes September Rate Call Depend On One CPI Report
Core inflation cooled to 3.05% annualized in July from 4.76% in February, but Waller kept a rate hike option open.
- Waller spoke at Reuters NEXT's Newsmaker Interview in Washington on September 3.
- Job growth averaged 60,000 a month through July, with unemployment at 4.1%.
- The FOMC's next meeting falls on September 15 and 16, two weeks after the speech.
Why it matters: A single monthly report, due in two weeks, now decides whether the Federal Reserve holds or tightens.
Federal Reserve Board – Speech by Governor Waller ↗ · Sep 3, 20269/3/26