Fed Governor Waller sees central bank ‘getting closer’ to an interest rate cut

Key Points

Keeping with statements from other policymakers, Waller’s sentiments point to an unlikelihood of a rate cut when the Federal Open Market Committee meets later this month, but a stronger likelihood of a move in September.
Central bankers have become more optimistic by data in recent months that has shown inflation easing after a surprisingly higher move for the first three months in 2024.

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