Federal Reserve Governor: We may see multiple interest rate cuts, depending on the data

BlockBeats News, September 3rd, Federal Reserve Governor Waller stated that he believes a rate cut should be made at the next meeting. The yield on the U.S. 10-year Treasury bond has remained relatively stable.

We may see multiple rate cuts, and whether they occur at every meeting or every other meeting will depend on how the data evolves. It is not necessary to follow a predetermined sequence of rate cuts.

Hopes to avoid a decline in the labor market. "We know there will be a modest bump up in inflation at one point, but it won't be permanent and will be closer to the 2% target in six months." (FXStreet)