Waller's Inflation Report Hike Decision Looms

Federal Reserve governor Christopher Waller said that an inflation report next week will largely determine his support for an interest rate hike later this month.

In a statement, Waller mentioned that the upcoming inflation report would be crucial in deciding whether he backs an increase in interest rates or not.

The Federal Reserve is scheduled to meet later this month and is expected to make a decision on raising interest rates. The move aims to control inflation which has been rising steadily in recent months.