Reported 5 months ago
Federal Reserve Governor Christopher Waller stated that the time for an interest rate cut by the U.S. central bank is approaching due to economic uncertainty, as economic growth is moderating and inflation is stabilizing. Waller mentioned three scenarios that the Fed might face regarding inflation declines and emphasized the importance of achieving a 'soft landing' for the economy. The Fed's next policy meeting is set for July 30-31, with market expectations leaning towards a rate cut in September rather than July.
Source: YAHOO