Fed's Waller: Several more months of good inflation data needed before supporting easing in policy

Source Fxstreet

Federal Reserve Governor Christopher Waller said on Tuesday that he needs to see several more months of good inflation data before being comfortable to support an easing in policy, per Reuters.

Key takeaways

"Exception to that would be significant weakening in the labor market."

"Further increases in policy rate probably unnecessary."

"April inflation data suggests progress toward 2% target has likely resumed, but progress was modest."

"Data suggests inflation isn't accelerating."

"Economy seems to be evolving closer to what the Fed expected."

"Data on spending and labor market suggest monetary policy is at an appropriate setting to put downward pressure on inflation."

"Wage growth still a bit higher than desired, but not that high."

"Will be closely watching how private domestic final purchases fares into second quarter."

"Credit card and auto loan delinquency rates suggests some consumers under stress."

Market reaction

The US Dollar Index stays in its daily range slightly above 104.50 following these comments.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Trump’s Greenland Tariff Suspension: Crypto Prices Rebound as Investors Weigh Rally LongevityTrump declares Greenland tariffs void; crypto market quickly reverses losses to gains, with Bitcoin expected to continue its rebound higher.During the early hours of Thursday (January 22)
Author  TradingKey
10 hours ago
Trump declares Greenland tariffs void; crypto market quickly reverses losses to gains, with Bitcoin expected to continue its rebound higher.During the early hours of Thursday (January 22)
placeholder
BTC Eyes $90K as Trump Hints at Imminent Crypto Bill SigningPresident Trump's pledge to sign pro-crypto legislation boosts Bitcoin prices as he emphasizes keeping the US as a crypto leader.
Author  Mitrade
11 hours ago
President Trump's pledge to sign pro-crypto legislation boosts Bitcoin prices as he emphasizes keeping the US as a crypto leader.
placeholder
Gold moves away from record high as safe-haven demand fades on easing trade war concernsGold (XAU/USD) is seen extending the previous day's modest pullback from the vicinity of the $4,900 mark, or a fresh all-time peak, and drifting lower through the Asian session on Thursday.
Author  FXStreet
13 hours ago
Gold (XAU/USD) is seen extending the previous day's modest pullback from the vicinity of the $4,900 mark, or a fresh all-time peak, and drifting lower through the Asian session on Thursday.
placeholder
Bitcoin’s Whale Map Shifts as BTC Drops Below $90,000Bitcoin fell below $90,000 to around $88,300 as risk-off headlines hit markets, while on-chain data shows new whales now lead Realized Cap with a ~$98,000 cost basis and ~$6B unrealized losses.
Author  Mitrade
14 hours ago
Bitcoin fell below $90,000 to around $88,300 as risk-off headlines hit markets, while on-chain data shows new whales now lead Realized Cap with a ~$98,000 cost basis and ~$6B unrealized losses.
placeholder
Australian Dollar rises as employment data boosts RBA outlookThe Australian Dollar advances against the US Dollar (USD) on Thursday, following the seasonally adjusted employment data from Australia, which strengthens expectations of tighter monetary policy from the Reserve Bank of Australia (RBA)
Author  FXStreet
18 hours ago
The Australian Dollar advances against the US Dollar (USD) on Thursday, following the seasonally adjusted employment data from Australia, which strengthens expectations of tighter monetary policy from the Reserve Bank of Australia (RBA)
goTop
quote