Fed's Waller Signals August CPI as Key to September Rate Decision - ForexCracked
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Fed’s Waller Signals August CPI as Key to September Rate Decision

Published Sep 3, 13:01 UTC
Impact
8/ 10, high
USD coverage tone
-0.2slightly negative
Corroboration
3independent organizations
  • Fed Governor Waller links September rate decision to August CPI data.
  • Inclined to hold rates steady if August inflation cools.
  • A hike remains possible if data disappoints.

Federal Reserve Governor Christopher Waller stated on Thursday that his decision regarding interest rates at the September Federal Open Market Committee (FOMC) meeting will be heavily influenced by the upcoming August Consumer Price Index (CPI) data. He expressed an inclination to support holding the policy rate steady if the August inflation data confirms a cooling of price pressures. However, Waller also noted that it would not take much to prompt him to support a rate hike should the data prove disappointing, effectively keeping a hike on the table. These remarks offer a nuanced perspective, appearing less definitively hawkish than recent statements from other Fed officials, including Chairman Warsh [STORY_ID: 62b8ce1c-ab0b-418e-95e3-32b704a99960].

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