He Federal Reserve (Fed) Governor Christopher Wallertold CNBC on Tuesday that data will determine if the Fed needs to raise rates again and added that he would need more data to affirm that the entity has finished raising rates, according to Reuters.
Recent data will allow the Fed to move cautiously
“Recent data will allow the Fed to proceed cautiously.”
“Recent data gives Fed room before making next rate decision“.
“The job market is beginning to soften.”
“It’s no surprise that the unemployment rate has gone up.”
“The data looks good for a soft landing scenario.”
“If inflation keeps coming down, the economy is in very good shape.”
“It is unlikely that one more rise will send the economy into recession.”
“The job market is still very strong.”
“It is difficult to determine the lags of monetary policy.”
“Clear monetary policy lags are shorter.”
“Until inflation comes down, the Fed will have to maintain rates.”
Market reaction
Despite these hawkish comments, the Dollar Index pulled back slightly but remains strong, gaining 0.45% on the day to 104.65.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
