Fed’s Waller: Time to start cutting in September, target neutral around 3%

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Fed Governor Christopher Waller said he would support a 25bps cut at the September 16–17 FOMC meeting, warning that waiting for further labor market deterioration would risk the Fed “falling behind the curve.” He said conditions warrant a move now to put policy on a path toward neutral. He placed the neutral rate near 3%, […]The post Fed’s Waller: Time to start cutting in September, target neutral around 3% appeared first on Action Forex.