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Fed can 'proceed carefully' with next rate move after recent data - Waller

Sep. 06, 2023 6:07 AM ETBy: Jessica Kuruthukulangara, SA News Editor5 Comments
Senate Banking Committee Hears Testimony From Nominees For Federal Reserve Board Of Governors

Sarah Silbiger

Federal Reserve Governor Christopher Waller said last week's strong economic data will buy the central bank some time as it mulls whether further interest rate hikes are needed, given that the economy is slowing down as intended.

"That was a hell

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Comments (5)

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Feds schmeds. The Fed is useless. Get them out of the "Economic Control" business and back to currency stability where they belong. Cut their budget by 75%.
"We can just sit there, wait for the data, see if things continue." Must be a nice, cushy job that pays very well. Your job is mostly done for you by the market and data aggregating entities.

"I want to be very careful about saying we've kind of done the job on inflation until we see a couple of months continuing along this trajectory." Inflation has been in a declining trend since approximately the end of Q3 2022. There's been plenty of months showing the disinflation trajectory.
Lol. Amazing. Little bit of red and poof, some dovish fentanyl injection.
Indexes finish +1% just because?
warshack profile picture
@dandroidz because the fed WILL lower rates if any trouble hits the economy. It hasn't happened yet but big daddy will prevent any serious injury from being inflicted.
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