A post by @FirstSquawk on X.
WALLER SAYS MINIMUM WE NEED TO TAKE BACK THE 3 INSURANCE CUTS
@FirstSquawk on X
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Fed Governor Christopher Waller said the minimum policy adjustment needed is to reverse the three "insurance" rate cuts, signaling a more hawkish stance on the path of interest rates. The remark implies the Federal Reserve may need to unwind prior easing to keep inflation in check, a shift that matters for rate-sensitive assets across equities, bonds and crypto. Traders will watch upcoming Fed communications and economic data for confirmation that the three cuts are indeed pulled back.
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