A "hawkish" Waller leading the Federal Reserve may trigger internal divisions and market volatility.
According to Odaily, Sonu Varghese, global macro strategist at Carson Group, stated that if the nominee for Federal Reserve Chair is indeed Waller, we may ultimately end up with a Federal Reserve that is somewhat hawkish. Kevin Waller has historically been a hawk, although he has recently been talking about rate cuts. If he enters the Federal Reserve advocating for significant rate cuts, he may not have much credibility in persuading others of the need for further cuts. We could even end up facing a seriously divided committee that does not cut rates at all. In the short term, a potentially hawkish Federal Reserve could increase market volatility. (Golden Ten Data)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. Stock Market Moves | GameStop rises 1.4% pre-market as CEO buys back shares
The market awaits PCE, US stock index futures rise, 10-year US Treasury yield edges down, Brent crude drops 1%, gold stands above 4200.
Dow Jones futures rose 0.5%, S&P 500 futures increased by 0.3%, and Nasdaq 100 futures were up 0.2%. The yield on the 10-year U.S. Treasury note edged down slightly to 5.21%. Brent crude oil fell 1.0% during the day to $95.18 per barrel. Spot gold climbed above $4,200 per ounce, rising 0.44% on the day.
Update 2 - UK Greggs raises profit forecast but plans to close some factories
Crypto prices
More
