Fed’s Waller Says September Rate Decision Hinges on August CPI

Fed Governor Christopher Waller said his next rate decision will be “heavily influenced” by August inflation data due next week, and suggested it may be enough to nudge him toward supporting a rate hike at the upcoming meeting. The framing increases the probability of hawkish pricing into the next policy decision. This is a potentially sector- and rates-moving signal, given the direct linkage to inflation prints and near-term action.