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Fed Governor Sends Striking Message on the AI Boom
GuruFocus ·
GuruFocus reports: Federal Reserve Governor Christopher Waller says more interest-rate increases will likely be needed to bring inflation back to the Fed's 2% target, but policymakers do not have to hike at every meeting. His comments strengthen the case for a pause in October while keeping a December increase firmly in play, a setup that could keep Treasury yields and growth-stock valuations under pressure. "If the economic data continue to come in as expected, I anticipate additional…
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St. Louis Fed's Musalem sees more rate hikes in the next 6 monthsRead story summary
St. Louis Federal Reserve president Alberto Musalem said Thursday that more interest rate hikes will be needed over the next six to nine months to bring inflation down, but he didn't indicate that the central bank needs to move at its next policy meeting. "The important thing at this point in time is to bring inflation back towards 2% in a timely manner, ...
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