3 sources·Business

Federal Reserve Signals Potential Interest Rate Cut Amid Rising Inflation Concerns

Christopher Waller expresses support for a rate cut, despite caution over recent inflation trends.

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Updated: Dec 2nd, 2024, 6:10 PM ET

Summary

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Federal Reserve Governor Christopher Waller indicated support for a potential interest rate cut in December, contingent on upcoming economic data. Recent inflation trends show a rise, raising concerns about the Fed's inflation target. Both Waller and Atlanta Fed President Raphael Bostic discuss the balance between controlling inflation and supporting economic growth. Financial markets suggest a 65% chance of a quarter-point cut this month, with inflation currently at 2.3%. Waller emphasized that while rate cuts may ease restrictions, they remain cautious about inflation's stubbornness.

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