Will Federal Reserve hike rates later this month?

Federal Reserve governor Christopher Waller stated on Thursday that an upcoming inflation report will be a crucial factor in his decision regarding an interest rate hike. His vote on whether to raise rates later this month hinges on this economic data. This position introduces uncertainty about the Federal Reserve’s next move.

• Federal Reserve governor Christopher Waller linked his support for an interest rate hike to next week’s inflation report.
• The inflation report will largely determine whether he backs a rate increase this month.
• Waller’s stance introduces uncertainty regarding the Federal Reserve’s decision on interest rates.