Waller Sows Doubt on Rate Hike as Inflation Data Looms

Federal Reserve governor Christopher Waller has cast doubt on the likelihood of an interest rate hike later this month, suggesting that a key inflation report next week will play a significant role in his decision.

In comments made on Thursday, Waller stated that the upcoming inflation data would 'largely determine' whether he supports a rate hike or not. This has sparked uncertainty among market participants and investors, who had previously anticipated a rate increase.

The Fed's governing board is set to meet later this month to discuss monetary policy, with many expecting a rate hike due to ongoing inflation concerns. However, Waller's remarks suggest that the decision may be more nuanced than initially thought.