Waller: Let’s Get On with It | Metals Mine

  • Waller: Let’s Get On with It

    From federalreserve.gov

    Thank you, Jon, and thank you for the opportunity to speak to you today. Since I last spoke on the economy and monetary policy on July 17, economic data have reinforced my view of the outlook and my judgment that the time has come to ease monetary policy and move it to a more neutral stance. In July, I argued that, looking through tariff effects, with underlying inflation near target and the upside risks to inflation limited, the Federal Open Market Committee (FOMC) should not wait until the labor market deteriorates before we cut the policy rate. Based on all the data in hand, I believe this argument is even ... (full story)

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BTCmailman
Aug 28, 2025 6:24pm
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Say less Chris

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ZforexCM
Aug 29, 2025 1:24am
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The Dollar Index held near 97.9 on Friday as markets awaited July PCE, forecast to rise 2.9% y/y, the sharpest pace in five months. Revised Q2 GDP confirmed stronger growth from trade and business investment.

Fed Governor Waller signaled support for starting rate cuts in September, with traders pricing in an 86% probability of a 25bps cut. The dollar is on track for a >2% monthly decline, marking its sharpest drop against the euro, pound, and yen.

The euro is trading near $1.1660, close to July’s $1.1830 high. The ECB signaled a pause after a series of cuts, pointing to Eurozone labor market resilience, while German business confidence climbed to a 15-month high. In contrast, Powell suggested a possible US rate cut in September. Under the EU-US trade deal, most European goods will face 15% tariffs, though autos, pharmaceuticals, and chips could be exempt.

Attention today is on Personal Income & Spending, PCE Price Index, Chicago Fed PMI, and the Michigan Sentiment Survey. For July, Personal Income & Spending are projected to climb 10.5%. The PCE Price Index is expected to increase 0.2% MoM and 2.6% YoY, while Core PCE is forecast to rise 0.3% MoM and 2.9% YoY. Meanwhile, the August Chicago Fed Manufacturing PMI is seen at 45.2, down from 47.1 previously.
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Trader#A306
Aug 29, 2025 3:22am
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Who is John?
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Trader#649D
Aug 29, 2025 3:52am
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Waller is just another Trump's di*k sucker so watch out.
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