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Fed's Waller, unimpressed by inflation data, calls for two more rate hikes this year

Por: MarketWatch Business July 14, 2023

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That would bring the Fed’s benchmark rate to a range of 5.5%-5.75%. Waller said that, while the cooling of CPI data for June was welcome news, “one data points does not make a trend.” “The report warmed my heart, but I have got to think with my head,” Waller said. He noted that inflation slowed in the summer of 2021 before rocketing higher. In his remarks, Waller said he is now more confident that the contagion from the collapse of... + full article



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