Fed's Bowman: Still projecting three rate cuts for 2026

Fed's Waller: I would advocate cuts again later in the year if labor weak WALLER SAYS WANT TO WAIT AND SEE HOW THIS EVOLVES BEFORE DECIDING ON RATE CUTS FOR LATER THIS YEAR WALLER DO NOT THINK THERE IS A NEED TO CONSIDER RATE HIKES FED'S WALLER: I THINK ONCE YOU GET PAST TARIFFS, INFLATION COMES DOWN ... WALLER SAYS MARKET PRICING HAS NOT SHOWN AN DE-ANCHORING OF EXPECTATIONS, INVESTORS UNDERSTAND INFLATION WILL DROP AS TARIFFS ROLL OFF

FED'S BOWMAN SAYS TOO EARLY TO SAY WHAT IRAN WAR MEANS FOR FED FED'S BOWMAN SAYS POWELL MADE HIMSELF CLEAR ABOUT FUTURE TENURE AT FED FED'S BOWMAN SAYS BANKS PERFORMED WELL DURING COVID-19 ERA ... FED'S BOWMAN SAYS WANTED TO MAKE SURE REGULATION OVERHAUL ATTENTIVE TO U.S. BANKS' NEEDS FED'S BOWMAN SAYS LOOKS AT THINGS LIKE PRIVATE CREDIT VERY CLOSELY

Just in | Fed's Waller Initially Planned to Dissent on Jobs Report, Cites Rising Inflation Concerns. WALLER: CLOSURE OF HORMUZ SUGGESTED MORE INFLATION PRESSURE FED'S WALLER: I ALSO NOW EXPECT LABOR FORCE GROWTH TO BE CLOSE TO ZERO, WHICH CHANGES THE BREAKEVEN LEVEL OF JOB GROWTH ... *WALLER: OIL CAN BLEED THROUGH TO CORE INFLATION AT SOME POINT WALLER THE FED CANNOT "LOOK THROUGH" A LARGE AND PERSISTENT OIL SHOCK; AT THIS POINT CAUTION FOR THE FED IS WARRANTED #OOTT