★Fed’s Waller says he doesn’t support rate hikes, sees inflation cooling in second half of the year
"This Fed official's comments signal a potential shift away from further interest rate increases, which could ease pressure on borrowing costs for businesses and consumers. If inflation indeed cools as he predicts, it strengthens the case for stable or even lower rates, positively impacting asset valuations and economic growth prospects."
The Big Market Report Take
Well, look at that. Fed Governor Waller thinks we're done with rate hikes and inflation's going to chill out later this year. Sounds like someone’s hoping for a smoother ride, which, frankly, we could all use.
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