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LeonardoDaVinci,Devil
· 10h ago
【Breaking News】Federal Reserve Board Member Waller: Inflation risks mean the Federal Reserve should no longer signal rate cuts, and the next rate adjustment could be a hike.
On May 22, Federal Reserve Board Member Waller stated on Friday that, given the increasing inflation risks, the Fed should not consider further rate cuts as the default plan. Just this January, Waller had supported rate cuts. During his speech, Waller said that with the ongoing Middle East conflict, rising oil and other commodity prices are increasingly likely to trigger broader and sustained inflation in the economy. He stated that, therefore, it is time for the Fed to stop signaling that the next move is most likely a rate cut again. Waller said that, in the foreseeable future, keeping interest rates stable in the current range of 3.5% to 3.75% is likely the right approach. He added, “If inflation cannot weaken quickly, I can no longer rule out the possibility of future rate hikes.” Waller stated
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