Fed Governor Chris Waller Just Significantly Upped the Stakes for the Sept. 11 Inflation Report. It Could Decide Whether There is a Rate Hike at the Fed's Upcoming Meeting
Waller said he would consider leaving interest rates unchanged at the Fed's September meeting if the next inflation report shows progress toward the Fed's 2% target.
Overview
Whether the Federal Open Market Committee (FOMC) raises interest rates at its meeting later this month remains a toss-up as of this writing.
But it looks like a decision could hinge on the August inflation report, which will be released on Sept. 11. Fed Governor Christopher Waller just said his decision will likely come down to that report.
Details
"If there is continued progress toward our 2% goal, then I am willing to support holding the policy rate at its current level," Waller said at a Reuters event on Sept. 3. "If inflation comes in hot, I would consider a rate hike."
Source
Originally published at www.fool.com.