Stock market today: Stocks climb to record highs as Fed members point to December rate cut
"At present I lean toward supporting a cut to the policy rate at our December meeting," Fed Governor Christopher Waller said on Monday.
Fed's Waller says inclined at this point to cut rates in December
Federal Reserve Governor Christopher Waller said on Monday he was inclined to cut the benchmark interest rate at the Dec. 17-18 meeting as monetary policy remained restrictive enough to keep putting downward pressure on inflation,
Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.
A top Fed official leans toward December rate cut but says it depends on economic data
A top Federal Reserve official says he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view.
Fed's Waller tentatively backs December rate cut
Fed Gov. Christopher Waller said he was leaning toward supporting a rate cut at the FOMC meeting later this month. In a speech to economists, Waller said the ultimate decision will depend on whether the data that will be received before Dec.
Fed’s Waller Leans Toward Favoring December Rate Cut
Federal Reserve governor Christopher Waller said he was leaning toward favoring a cut in interest rates at the central bank’s meeting later this month, though he also said he could be open to arguments for holding rates steady.
Fed’s Waller Is Leaning Toward a December Rate Cut
The central bank governor said that while the recent uptick in inflation does raise concerns that price growth could get stuck above the Fed’s 2% goal, he doesn’t want to overreact.
Fed's Waller leaning toward rate cut but open to a 'skip'
Federal Reserve Gov. Christopher Waller, a Trump appointee, said that while recent inflation readings are concerning, monetary policy would remain restrictive even if the central bank cuts interest rates by another quarter-point this month.
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