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Waller: Hike, Skip, or Pause?
Thank you, Peter, and thank you for the opportunity to speak to you today. I confess I am not an expert on Santa Barbara County's diverse economy, beyond my abiding interest in the excellent wines you produce. But you will hear more about the regional outlook from the other two speakers and so I'll focus my remarks on a broader perspective of the U.S. economy and how the data is shaping my policy views.1 Let me cut to the chase—in my view, data since the last meeting of the Federal Open Market Committee (FOMC) has not provided sufficient clarity as to what we should do with our policy rate at the next meeting. We ... (full story)
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Waller Does Not Expect Data in Next Couple of Months to Make It Clear Terminal Interest Rate Has Been Reached
— *seven (@sevenloI) May 24, 2023
Waller Says He Does Not Support Stopping Rate Hikes Unless There is Clear Evidence Inflation is Moving Down to 2% Target
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Waller Says He’s Concerned About Lack of Progress on Inflation
— *seven (@sevenloI) May 24, 2023
Waller Says He’s Concerned Inflation Won’t Come Down Much Unless Growth of Average Hourly Wages Nears 3%
Waller: Says April PCE Inflation, May CPI Data Will Be ‘Critical’
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*Fed’s Waller: Don’t Halt Hikes Until It’s Clear Inflation is Tamed
— *seven (@sevenloI) May 24, 2023
*Fed’s Waller: Incoming Inflation Data Key for June Rate Call
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FED'S WALLER: PRUDENT RISK MANAGEMENT MAY SUGGEST SKIPPING A HIKE IN JUNE, AND LEANING TOWARD A JULY HIKE DEPENDING ON INFLATION DATA AND IF BANKING CONDITIONS HAVEN'T TIGHTENED EXCESSIVELY.
— Breaking Market News (@financialjuice) May 24, 2023