Federal Reserve Signals Potential Interest Rate Cut Amid Rising Inflation Concerns

Christopher Waller expresses support for a rate cut, despite caution over recent inflation trends.

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Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation

CNBC

A top Fed official leans toward December rate cut but says it depends on economic data

Associated Press

US Fed Officials See Inflation Fight as Broadly on Track

Newsmax

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Overview

A summary of the key points of this story verified across multiple sources.

Federal Reserve Governor Christopher Waller indicated support for a potential interest rate cut in December, contingent on upcoming economic data. Recent inflation trends show a rise, raising concerns about the Fed's inflation target. Both Waller and Atlanta Fed President Raphael Bostic discuss the balance between controlling inflation and supporting economic growth. Financial markets suggest a 65% chance of a quarter-point cut this month, with inflation currently at 2.3%. Waller emphasized that while rate cuts may ease restrictions, they remain cautious about inflation's stubbornness.

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