Waller Ties Rate Hike Decision to Upcoming Inflation Data

Federal Reserve Governor Christopher Waller stated that upcoming inflation data will determine his stance on interest rate hikes. The August inflation figures are set to be released on September 11, and if they show continued cooling, Waller said he would likely keep the Fed's benchmark interest rate unchanged.

The release of inflation data is a crucial factor in Waller's decision-making process. He emphasized that the report will have a significant impact on his support for an interest rate hike later this month.