Economy · World
US Fed Official Waller's Comments Influence Rate Cut Expectations
Expectations for a US Federal Reserve interest rate cut in September have diminished, with traders now assigning less than a 50% probability, according to CME FedWatch data. Fed Governor Christopher Waller stated that upcoming August inflation data will be a key factor in deciding the stance on a September rate move. He indicated he would support holding rates steady at the September meeting, emphasizing a need to "give disinflation a chance." These comments have led to a fall in Treasury yields and a rise in the dollar, while US stocks experienced a retreat. Asian shares climbed ahead of US jobs data, and Indian shares also opened higher as traders adjusted their bets on Fed rate hikes.
How outlets across the spectrum covered it
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- Centre (15): Associated Press, Australian Financial Review, BBC News, CNBC, Channel News Asia, Chicago Tribune, Evening Standard, Financial Times, Politico, Reuters, South China Morning Post, The Economic Times, The Globe and Mail, The Tribune, The Wall Street Journal