Fed Gov. Waller Raises Bets On Sept. Rate Cut, BTC ATH Soon? đ¨
Federal Reserve Governor Christopher Waller has stirred market optimism with his recent remarks about potential rate cuts by the central bank. Notably, his comments have increased bets on a possible rate cut by the Fed in September. Meanwhile, this development comes as Bitcoin enthusiasts eye an all-time high, driven by favorable market conditions and policy changes.
Fed Governor Waller Hints Towards September Rate Cut
Fed gov Christopher Wallerâs recent statements have been a significant boost for market sentiment. Speaking at a Kansas City Fed program, Waller suggested that interest rate cuts are likely if inflation and employment data continue to align with current trends.
In addition, he mentioned that while the Fed hasnât reached its final decision, the time for a policy rate cut is approaching. This aligns with other policymakersâ views, hinting at a potential move in September rather than the upcoming Federal Open Market Committee (FOMC) meeting.
Meanwhile, Waller outlined three potential scenarios: one where positive inflation data justifies a rate cut soon, another with fluctuating data pointing toward moderation, and a third with unexpectedly higher inflation forcing tighter policies. He considers the first two scenarios more probable, suggesting a rate cut might be near.
His remarks are notable given his previously hawkish stance on monetary policy. In May, Waller indicated that rate cuts were several months away, pending more convincing data on inflationâs decline.
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