Waller: If there is another hot reading on core inflation this week, the Fed will need to consider raising rates
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Goldman Sachs | Bearish | 1.1200 |
MUFG | Bullish | 1.1800 |
J.P. Morgan | Bearish | 1.1300 |
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Fed's Waller is speaking and gives a hawkish view of policy If there is another hot reading on core inflation this week, the Fed will need to consider raising rates in the near term. Would need to see several months of lower core inflation to gain confidence inflation is moving i
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The current discourse surrounding a potential December rate cut, as advocated by Federal Reserve Governor Waller, indicates an underlying concern for US labor market stability and overall economic health. Per the full note from UBS, Waller's remarks highlight the delicate balance the Federal Reserve must maintain between stimulating growth through monetary policy and addressing rising inflationary pressures and employment fears. The market's reaction suggests a nuanced sentiment, where interpretations may vary based on confidence in the economic recovery trajectory versus inflationary dynamics. As economic indicators are released today, including retail sales and producer price inflation, these will provide critical context for gauging market expectations and Fed policy shifts moving forward.
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