Christopher Waller indicates a preference for holding federal funds rate steady at next policy meeting

Treasury yields moved lower across the curve on Thursday as traders reacted to remarks by Federal Reserve Governor Christopher Waller. Waller stated that he is leaning toward keeping interest rates unchanged at the next policy meeting in two weeks.

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While noting that inflation remains meaningfully above the 2% target, Waller expressed confidence in current trends, stating that data suggests signs of disinflation. He indicated that if these trends continue over the next two weeks, he would be inclined to support holding the federal funds rate at its current setting. {

Sources

• CNBC
  Treasury yields fall after Fed's Waller signals support for no rate hike

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Paywall and unreadable sources

• WSJ
  Stock Market Today: Treasury Yields Retreat on Fed Official’s Rate Comments, Yen Jumps — Live Updates
• The New York Times
  Rate Rise in Play as Fed Officials Await Inflation Data
• WSJ
  Stocks Climb As Rate Hike Fears Ebb
• Bloomberg.com
  Treasuries Rise After Fed’s Waller Notes Progress on Inflation