Fed, Waller and inflation
The Fed's lone dissenter on the big rate cut says she's concerned about 'premature declaration of victory' over inflation
Michelle Bowman said such a big initial rate cut could complicate the Fed's mission of getting inflation back to its 2% target.
Fed’s Waller Sees More Rate Cuts, Inflation Below 2%, and a Strong Economy Ahead
We’re at a point where the economy is strong, inflation is coming down, and we want to keep it that way,” Waller said during an interview with CNBC on Friday. Waller has se
Fed rate cut: How inflation and home loans have changed
Here’s how inflation and the cost of borrowing have changed since the Fed started raising interest rates in March 2022. After peaking at 9.1% in June 2022, inflation has eased, falling to a three-year low of 2.5% in August, just above the Fed’s 2% target rate.
Fed's Bowman says dissent on large rate cut based on above-target inflation data
Federal Reserve Governor Michelle Bowman said on Friday she dissented over the U.S. central bank's half-percentage-point interest rate cut this week, favoring a quarter-percentage-point reduction instead,
Top Fed official warns jumbo rate cut is declaring victory over inflation too soon
JP Morgan Chase CEO Jamie Dimon echoed Bowman’s fears, saying he wouldn’t “count my eggs” that the rate cuts will deliver the US economy a soft landing.
The Fed 'moved too fast' with rate cuts and now risks reigniting inflation, analyst says
The US isn't out of the words with inflation, and one fixed-income strategist thinks the Fed's jumbo rate cut will make matters worse.
Fed unveils oversized rate cut as it gains 'greater confidence' about inflation
U.S. stocks gained following the release of the statement and updated quarterly economic projections before reversing course to close lower on the day. The U.S. dollar (.DXY) was slightly stronger against a basket of currencies, while yields on U.S. Treasuries rose.
Fed dissenter Bowman preferred smaller rate cut because 'we have not yet achieved our inflation goal'
Fed governor Michelle Bowman issued a statement Friday explaining her dissent to this week's jumbo rate cut, saying she wanted a smaller first move because inflation is not yet vanquished.
Fed’s Waller Says Slowing Inflation Led Him to Support Large Rate Cut
Federal Reserve Governor Christopher Waller said favorable inflation data, and not worries about the labor market, are what convinced him to support policymakers’ decision to lower interest rates by a half percentage point this week.
Fed's Waller: Weak inflation data cemented case for 50 basis point cut
U.S. Federal Reserve Governor Christopher Waller, one of the more ardent voices in the central bank's battle to hike interest rates to tame inflation, said he supported a larger rate cut this week because he is now worried the pace of price increases is undershooting the Fed's target.
Fed's Waller backed a half-point cut, citing faster-than-expected inflation slide - report
Federal Reserve Governor Christopher Waller said Friday he backed a 50-basis-point interest-rate cut at this week's Federal Open Market Committee meeting, citing a steeper-than-expected decline in inflation.
The Fed decision’s lone dissenter worries the bigger rate cut sends a ‘premature victory’ message to markets
The only Federal Reserve official to dissent from the central bank’s aggressive half-point interest-rate cut earlier this ...
What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
A Federal Reserve official predicted quarter point rate cuts if data looked ‘fine’. But he also set out a scenario for a ...
The Fed surprised many investors with a jumbo rate cut this week. It won’t get much easier to predict the next move
Federal Reserve Chair Jerome Powell is known for providing clear signals about the central bank’s next interest rate move in ...
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Fed Rate Cut Shows the Main Battle Against Inflation Has Been Won
The Fed’s decision Wednesday implies that the main battle against high inflation has been won, and all that’s left is ...
What does the Fed interest rate cut mean for mortgages and homebuyers?
Mortgage rates closely track the yield on a 10-year Treasury bond, or the amount paid to a bondholder annually. In the ...
Carlyle’s Thomas Says a 4.5% Fed Rate Stands to Be ‘New Normal’
Carlyle Group Inc.’s Jason Thomas is urging investors to prepare themselves for a potential resurgence of inflation that ...
The Fed Rate Cut, Puncturing The Phillips Curve Myth
The echo chamber of prominent economists have tried over the years to fit the Phillips curve to reality. Ditch the Phillips ...
AMERICAS Stocks lap up Fed's fast 'recalibration', BoE up next
Shifting the emphasis from inflation to the jobs market, Powell and colleagues - via his press conference and the Fed's ...