The Federal Reserve's rate of interest hikes fluctuated and Waller kept September's decision-making open

Federal Reserve Commissioner Waller stated that, despite some cooling of inflation, a September hike would still be possible if the August data were strong. In an interview with Reuters, he noted that recent inflation data had shown positive progress towards the Fed ' s 2 per cent target. If that trend continued, he would support the maintenance of interest rates at the 15-16 September policy meeting. Waller ' s position reflects his confidence in the easing of short-term inflationary pressures, although annual inflation remains high. The three-month core inflation rate decreased from 4.76 per cent in February to 3.05 per cent in July. He stated that the current monetary policy was only slightly tightening, which meant that the Fed still had space to deal with the risk of inflation acceleration. The market reacted rapidly, and since Waller's speech, traders reduced their expectations for the September interest rate hike, the return on national debt fell and the dollar weakened。