Free Trial
USDCAD TECHS

Remains Vulnerable

AUDUSD TECHS

Trend Needle Points North

US TSYS

Bonds Near Highs, Yield Curves Flatter

EURJPY TECHS

Bearish Outlook

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI: Fed’s Waller Sees Another 75BP Hike In July

(MNI) Washington

Governor Christopher Waller says Fed fell behind on inflation find due to overly restrictive guidance.

The Federal Reserve will probably need to raise interest rates by another unusually aggressive 75 basis points in July as inflation is likely to stay elevated, Fed Governor Christopher Waller said on Saturday.

“In my view, and I speak only for myself, if the data comes in as I expect I will support a similar-sized move at our July meeting,” Waller said in prepared remarks for delivery at a conference in Dallas. “The Fed is ‘all in’ on re-establishing price stability.”

Keep reading...Show less
268 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The Federal Reserve will probably need to raise interest rates by another unusually aggressive 75 basis points in July as inflation is likely to stay elevated, Fed Governor Christopher Waller said on Saturday.

“In my view, and I speak only for myself, if the data comes in as I expect I will support a similar-sized move at our July meeting,” Waller said in prepared remarks for delivery at a conference in Dallas. “The Fed is ‘all in’ on re-establishing price stability.”

Keep reading...Show less