Federal Reserve Governor Christopher Waller supports another interest rate cut at the upcoming meeting due to mixed job market readings. Waller believes a 25 basis point cut is necessary, depending on future data. The impact of trade tariffs on inflation is modest, allowing the Fed to focus on the labor market. Data signals a weakening demand relative to supply, creating uncertainty. If the job market weakens and inflation remains in check, Waller suggests further rate cuts. The Fed is likely to cut rates at the October meeting to stabilize the job market amid high inflation and trade uncertainties. Fed Chair Jerome Powell hints at a possible rate cut despite limited data, citing unchanged employment and inflation outlook. Waller, a potential successor to Powell, supports rate cuts due to concerns about the job market and tariff impacts on prices. Some officials are cautious about inflation, but most agree on the need for rate cuts.

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