From CNBC: 2024-07-17 09:35:14

Federal Reserve Governor Christopher Waller hints at upcoming interest rate cuts if inflation and employment remain stable. Waller believes conditions are aligning for a policy rate reduction, with a possible move in September. Despite improvement in inflation data, Waller suggests a cautious approach, expecting a cut soon. Markets anticipate a more accommodative Fed.

Read more: Fed Governor Waller sees central bank ‘getting closer’ to an interest rate cut