Fed Governor Waller Urges Caution on Rate Cuts, Citing Inflation Uncertainty & Solid Economic Fundamentals

Publicado: Oct 16, 2024 07:35
[SMM Steel Market Morning News: Fed Governor Waller: The Fed Should Be More Cautious in Cutting Interest Rates Than at the September Meeting] Fed Governor Waller stated that if inflation falls below 2%, which is an unlikely scenario, or if the labor market deteriorates, the Fed may cut interest rates ahead of schedule. However, if inflation unexpectedly rises, the Fed may pause interest rate cuts. He also noted that the latest inflation data was "disappointing," and the economic fundamentals are solid, which may not slow down as expected; GDP growth is expected to accelerate in the second half of 2024. Looking ahead, job growth is projected to slow down, and the unemployment rate will gradually rise but remain at historically low levels...

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[SMM Steel Market Morning News: Fed Governor Waller: The Fed Should Be - Shanghai Metals Market (SMM)