TechFlow news, June 20 — According to Jinshi Data, Federal Reserve Governor Waller recently stated he supports the idea of considering rate cuts in July, arguing that tariffs will not lead to sustained inflation. He said tariffs would be a one-time factor and the Fed should not wait until the labor market collapses before cutting rates. Waller noted that while the job market remains stable, there are some emerging signs, such as a relatively high unemployment rate among recent graduates. For the past six months, the Fed has been waiting and watching for an inflation shock. Waller believes the Fed has room to lower interest rates and then observe what happens to inflation. He indicated the Fed could possibly meet the conditions for rate cuts as early as July. Prior to Waller's comments, markets had priced in only a 14% chance of a Fed rate cut in July.
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