Fed’s Waller Favors Holding Rates in September — Unless August Inflation Runs Hot
Fed Governor Christopher Waller said he is inclined to hold rates in September, but warned a hot August inflation print could push him to back a hike.
A Fed leader said he probably won't raise interest rates in September, but he's watching August's inflation numbers closely. If inflation jumps higher than expected, he might change his mind—so investors should pay attention to that inflation report as a clue about what the Fed will do next.
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