A top Fed official leans toward December rate cut but says it depends on economic data
- Christopher Waller, a top Fed official, supports a potential December interest rate cut, depending on economic data, as stated in remarks to the American Institute for Economic Research.
- Waller indicates a risk that inflation "may be getting stuck above" the Fed’s 2% target, which could lead to keeping rates unchanged.
- He expresses confidence that inflation is lowering, suggesting continued reductions in the central bank's key rate, impacting consumer and business loans.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left9Leaning Right10Center15Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 27%
C 44%
R 29%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
