Fed's Waller Backs Rate Cut In December Amid Weakening Labor Market: 'Not Worried About Inflation Accelerating' - SPDR S&P 500 (ARCA:SPY)

Fed's Waller Backs Rate Cut In December Amid Weakening Labor Market: 'Not Worried About Inflation Accelerating' - SPDR S&P 500 (ARCA:SPY)

Federal Reserve Governor Christopher Waller argued for "continuing rate cuts" on Monday, stating he supports cutting the Fed’s policy rate at its next meeting in December to manage risks from a deteriorating labor market. Waller Bats For Cuts, Harping On ‘Weak Labor Markets’ Speaking in London, Waller identified the “weak labor market” as his primary focus, overriding concerns about inflation. “I am not worried about inflation accelerating or in…

US Fed official backs further rate cut due to weak job market

WASHINGTON, United States – A key Federal Reserve official said Monday that he supports a third consecutive interest rate cut by the US central bank in December, as the jobs market remains weak and is almost stalling. “My focus is on the labor market, and after months of weakening, it is unlikely that the September jobs report later this week or any other data that’s going to come out in the next few weeks is going to change my view that another…

Fed Governor Chris Waller Endorses Rate Cut at Next Fed Meeting

At the next Federal Open Market Committee (FOMC) meeting Dec. 9-10, the final one of 2025, the voting committee will decide whether to adjust interest rates—with one voting member, Federal Reserve Governor Christopher Waller, already making his voting intentions clear.  In a Monday, Nov. 17 appearance at the Society of Professional Economists held at Oxford… The post Fed Governor Chris Waller Endorses Rate Cut at Next Fed Meeting appeared first …

Dollar Slides on Signs of US Labor Market Weakness

The dollar index (DXY00 ) today is down by -0.13%. The dollar is under pressure today as signs of weakness in the US labor market have bolstered the outlook for the Fed to keep cutting interest rates after ADP reported employers cut jobs this month. Losses in the dollar are...

Waller says Fed is ready for another cut as labor market weakens

Federal Reserve Governor Christopher Waller expressed his belief that it would be wise for the central bank to reduce interest rates again at their next meeting, scheduled for December this year. He based his reasoning on current serious events such as the weak job market and monetary policies that are significantly harming low- and middle-income consumers. The Governor made these remarks in a speech titled “The Case for Continuing Rate Cuts,” w…