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Federal Reserve Member Prefers Steady Rates in September

Federal Reserve Member Prefers Steady Rates in September

Federal Reserve Governor Christopher Waller has indicated that he leans toward holding U.S. interest rates steady at the September meeting, provided there are no surprises in the upcoming inflation data. He explained that recent trends suggest the beginning of inflation decline, although it remains above the Fed's 2% target. Waller noted that the Consumer Price Index and Producer Price Index data, expected next week, will play a significant role in shaping his stance, as he continues to assess inflation data, which has decreased sharply over the past three months—from 4.76% in February to 3.05% currently—bolstering optimism that inflation will continue to fall and that there may be no need to raise interest rates at this time.

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