Economy / Markets
Fed's Waller says he could back holding rates in September if inflation data keeps improving
Federal Reserve Governor Christopher Waller said on 3 September he is willing to support holding the policy rate at its current 3.50-3.75 percent range at the 15-16 September meeting if August inflation data shows continued progress toward the 2 percent goal, quipping that policymakers should 'give disinflation a chance'. He still warned he would consider a hike if inflation runs hot. Wall Street rallied on the remarks, with the Dow climbing 624 points, the S&P 500 up 1.1 percent and two-year yields falling as traders cut the odds of a September hike to roughly even.