Will Federal Reserve hike rates later this month? Waller muddies outlook

WASHINGTON – Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not.

The government will release August inflation figures Sept. 11, and if that report shows inflation continues to cool, then Waller said he “would be inclined” to keep the Fed’s benchmark interest rate unchanged.

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Will Federal Reserve hike rates later this month? Waller muddies outlook | Business

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