Waller Casts Doubt on Rate Hike as Inflation Report Looms

Federal Reserve Governor Christopher Waller has cast doubt on whether interest rates will be hiked later this month, saying that an upcoming inflation report will play a crucial role in his decision.

The August inflation figures are due to be released next week, and if they show that inflation is continuing to cool down, Waller may not support a rate hike. However, he warned that if the report shows inflation is 'hot', he would consider supporting an increase in interest rates.

Waller's comments add weight to the significance of the upcoming inflation data, which will have far-reaching implications for the US economy and financial markets.