Fed Governor Waller says inflation softening faster than he expected put him in half-point-cut camp
Published On Sep 20, 2024, 11:37 AM
Federal Reserve Governor Christopher Waller indicated his support for a half-percentage point rate cut in response to unexpectedly rapid declines in inflation. He noted that inflation measures have dropped below the Fed's target of 2%, running at approximately 1.8% over the last four months. Waller's comments suggest a shift in monetary policy that could be influential for economic conditions.
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Concerns about inflation receding can lead to a boost in investments, particularly in growth sectors, as lower interest rates typically encourage borrowing and spending.
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