Fed Governor Waller sees need for ‘more caution’ ahead when lowering interest rates

Key Points

Fed Governor Christopher Waller on Monday signaled that future interest rate cuts will be less aggressive than the big move in September.
“Whatever happens in the near term, my baseline still calls for reducing the policy rate gradually over the next year,” he said.

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Finance

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Small cap-focused Russell 2000 becomes the first of major U.S. benchmarks to enter correction territory this year

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