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- Fed's Waller: Markets may have gotten ahead of themselves on 100 bps hike in July
Fed's Waller: Markets may have gotten ahead of themselves on 100 bps hike in July
Federal Reserve Governor Christopher Waller argued on Thursday that markets may have gotten ahead of themselves by pricing a 100 basis points rate hike in July, as reported by Reuters.
Additional takeaways
"It is a very hard game to predict a recession."
"The labor market would have to deteriorate incredibly fast to throw us into recession."
"Yesterday's inflation number was not a big surprise."
"To go above 75 bps at next meeting, I need to assess data over next couple of weeks."
"We don't want to take a knee-jerk reaction to yesterday's inflation data."
Market reaction
The US Dollar Index continued to retrace its daily rally on these comments and was last seen rising 0.45% on the day at 108.48.
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