"Fed Whisperer": Friday's Inflation Report Is Key to Whether the Fed Will Raise Interest Rates

Tapbit news, September 10 - According to Cailianshe, "New Fed Whisperer" Nick Timiraos stated that Waller's speech at Jackson Hole led investors to believe that the likelihood of a rate hike has increased, but he did not tell them what would trigger a rate hike. The market filled this information gap, and now the market expects a rate hike magnitude that Waller never committed to. Therefore, Friday's inflation report is seen as key to deciding whether to raise rates, a decision-making approach Waller has opposed for years.