Fed's Waller says he doesn't support rate hikes, sees inflation cooling in second half of the year

Federal Reserve Governor Christopher Waller said the Fed does not need to raise interest rates because inflation is likely to cool in the second half of the year. This is a dovish signal that reduces the near-term probability of additional rate hikes and could pressure short-term Treasury yields while supporting risk assets.

Analysis

Federal Reserve Governor Christopher Waller said the Fed does not need to raise interest rates because inflation is likely to cool in the second half of the year. This is a dovish signal that reduces the near-term probability of additional rate hikes and could pressure short-term Treasury yields while supporting risk assets.