Reported 14 days ago
Federal Reserve Governor Christopher Waller has expressed support for a 25 basis point interest rate cut in October, while emphasizing a cautious approach for future adjustments due to conflicting economic data. As the US grapples with a government shutdown, important economic reports remain delayed, leading Waller to rely on private sector insights. Meanwhile, new data reveal a decrease in the US deficit and a surge in tariff revenues, complicating the Fed's assessment of the current economic landscape.
Source: YAHOO