Fed Governor Christopher Waller said he thinks rate cuts are near, but stressed that he will be watching the data closely in the meantime.
Traders are increasingly betting on a September interest rate cut by the Federal Reserve, with a reduction in July now seen as highly unlikely.
Fed Governor Christopher Waller on Wednesday said that he thinks cuts are near, but stressed that he will be watching the data closely in the meantime. Other officials shared similar sentiments. "Those remarks cemented the idea that a cut was possible at the meeting-after-next in September, but made clear that officials wanted to see continued progress on inflation before moving," Deutsche Bank strategists wrote on Thursday.U.S. Treasury yields moved higher on Thursday as investors digested a range of comments by Federal Reserve officials and what they could mean for interest rates.
There is now a less than 5% chance that the Fed's target range for the federal funds rate, its key rate, will be lowered in July, according"I believe current data are consistent with achieving a soft landing, and I will be looking for data over the next couple months to buttress this view," he said in a speech. "So, while I don't believe we have reached our final destination, I do believe we are getting closer to the time when a cut in the policy rate is warranted.
"Those remarks cemented the idea that a cut was possible at the meeting-after-next in September, but made clear that officials wanted to see continued progress on inflation before moving," Deutsche Bank strategists wrote on Thursday.
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Fed Governor Christopher Waller sees central bank 'getting closer' to an interest rate cutJeff Cox is a finance editor with CNBC.com where he covers all aspects of the markets and monitors coverage of the financial markets and Wall Street. His stories are routinely among the most-read items on the site each day as he interviews some of the smartest and most well-respected analysts and advisors in the financial world.
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Treasury yield little changed ahead of key economic data, Fed meeting minutesU.S. Treasury yields held steady on Wednesday as investors looked ahead to key data and digested remarks from Federal Reserve Chairman Jerome Powell.
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Treasury yield little changed ahead of key economic data, Fed meeting minutesU.S. Treasury yields held steady on Wednesday as investors looked ahead to key data and digested remarks from Federal Reserve Chairman Jerome Powell.
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Treasury yields dip as investors monitor economic data, Fed Chair Powell's remarksU.S. Treasury yields were lower on Tuesday as investors looked ahead to labor market data and monitored comments from Federal Reserve Chair Jerome Powell.
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Treasury yields dip as investors monitor economic data, Fed Chair Powell's remarksU.S. Treasury yields were lower on Tuesday as investors looked ahead to labor market data and monitored comments from Federal Reserve Chair Jerome Powell.
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