Waller Says Inflation Report Will Decide Rate Hike Fate

Federal Reserve Governor Christopher Waller has expressed uncertainty about whether to support an interest rate hike later this month. In a statement, he said that an upcoming inflation report next week will largely determine his decision.

Waller's comments come as the market waits for the Federal Open Market Committee (FOMC) meeting, which is scheduled to take place later this month. The FOMC has been grappling with the decision of whether to raise interest rates to combat inflation or maintain the current monetary policy.

An inflation report next week will provide crucial data that Waller will use to inform his decision on supporting a rate hike. The report's findings could have significant implications for the market, as it may influence the FOMC's decision-making process.