News about rate, Fed

Fed governor Chris Waller: -Rate hikes "probably unnecessary" -Several more months of good inflation needed for cuts "If I were still a professor and had to assign a grade to [the April CPI], it would be a C+ — far from failing but not stellar either" www.wsj.com/livecoverage/stock-market-today-dow-jones-05-21-2024/card/the-april-inflation-report-gets-a-c-from-fed-s-waller-G66YVErFr1plUJAHAsIS

#Fed Governor Waller says "in the absence of a significant weakening in the labor market, I need to see several more months of good inflation data before I would be comfortable supporting an easing in the stance of monetary policy" www.bloomberg.com/news/articles/2024-05-21/fed-s-waller-needs-several-more-months-of-good-inflation-to-cut-rates?utm_source=website&utm_medium=share&utm_campaign=twitter

FOMC MINUTES: 'VARIOUS' FED OFFICIALS MENTION RAISING RATES IF INFLATION WARRANTS IT FOMC MINUTES: FED OFFICIALS NOTE 'DISAPPOINTING' INFLATION READINGS IN FIRST QUARTER FOMC MINUTES: OFFICIALS DISCUSS HOLDING RATES STEADY FOR LONGER IF INFLATION DOESN'T FALL

FED'S BARR: WE STILL NEED TO FINISH THE JOB ON INFLATION BARR: NEED TO SIT TIGHT FOR LONGER THAN WE PREVIOUSLY THOUGHT BARR: INTEREST-RATE RISK WILL CONTINUE, NEEDS TO BE MANAGED