Fed's Waller Does Not Expect Data In Next Couple Of Months To Make It Clear Terminal Interest Rate Has Been Reached; Says He Does Not Support Stopping Rate Hikes Unless There Is Clear Evidence Inflation Is Moving Down To 2% Target
Portfolio Pulse from Happy Mohamed
Federal Reserve Governor Christopher Waller stated that he does not expect data in the next couple of months to indicate that the terminal interest rate has been reached. He also mentioned that he does not support stopping rate hikes unless there is clear evidence of inflation moving down to the 2% target.
May 24, 2023 | 4:13 pm
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NEUTRAL IMPACT
Fed's Waller's comments on interest rates and inflation may cause uncertainty in the market, potentially impacting the SPY ETF in the short term.
Waller's comments on interest rates and inflation may create uncertainty in the market as investors try to gauge the future direction of monetary policy. This uncertainty could lead to short-term volatility in the SPY ETF, which tracks the performance of the S&P 500 index. However, the impact may be limited as Waller's comments do not provide a clear direction on the future path of interest rates.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50