After Federal Reserve Governor Waller delivered his speech, the US dollar fell to an intraday low, and traders quickly lowered their bets on the September rate hike. At the same time, the yen received support, and market signals showed that Japan's policy balance was shifting to interest rate hikes. This scenario is now almost completely priced by the market. While retaining room for policy choices, Waller emphasized that the actual situation of core inflation is better than the surface performance of the data; as Neil Duta of the Renaissance Macro Research Company said, Waller's attitude is “as long as one inflation data falls short of expectations, they will agree to raise interest rates,” but at the same time, he also expects PPI and CPI data to perform “reasonably.”
Zhitongcaijing · 1d ago
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After Federal Reserve Governor Waller delivered his speech, the US dollar fell to an intraday low, and traders quickly lowered their bets on the September rate hike. At the same time, the yen received support, and market signals showed that Japan's policy balance was shifting to interest rate hikes. This scenario is now almost completely priced by the market. While retaining room for policy choices, Waller emphasized that the actual situation of core inflation is better than the surface performance of the data; as Neil Duta of the Renaissance Macro Research Company said, Waller's attitude is “as long as one inflation data falls short of expectations, they will agree to raise interest rates,” but at the same time, he also expects PPI and CPI data to perform “reasonably.”
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