No Immediate Rate Cuts: Fed Takes Cautious Stance on Inflation Federal Reserve Governor Christopher Waller emphasized the need for patience in adjusting short-term interest rates amidst recent inflation data that hasn’t met expectations. Speaking at the Economic Club of New York, Waller suggested maintaining the current rate to ensure inflation moves back towards the Fed’s 2% target, indicating a cautious approach towards any potential rate cuts later in the year. Despite the setback in inflation, Waller remains open to adjusting rates if progress on inflation is observed, highlighting the Fed’s flexibility in response to economic indicators. The stance reflects a strategic wait-and-see approach, leveraging the strong economy to justify the current restrictive monetary policy while remaining vigilant on inflation trends. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts US Housing Market Shows Life, Yet Overvaluation Clouds Recovery, Fitch Reports READ MORE Gold Market Volatility Persists, But Long-Term Bullish Trend Remains Intact READ MORE Post-Biden Exit: Markets Seek Direction from Earnings and Economic Indicators READ MORE U.S. Treasury to Boost Long-Term Debt Sales READ MORE High Gold Prices Dampen Demand in Asia's Leading Markets READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment