US Fed's Waller: Whether to Raise Rates in June Will Depend on Data in the Next Three Weeks

US Fed's Waller says the decision on whether to raise rates at the June meeting will depend on data over the next three weeks. The upcoming inflation data is key to the June rate decision. Fed needs to remain flexible at the June meeting to make the best policy decision. Besides, the job market is very tight, and inflation stands very high. The market is concerned about the slow progress on core inflation. Fed should not stop hiking rates until inflation is under control.