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Fed's Waller Warns Against Rate Cuts Amid Inflation Risks

4/18/2026

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Summary

Story summary

Federal Reserve Governor Christopher Waller cautioned against rate cuts, citing the U.S.-Israel war with Iran and its inflation risk.
If the Strait of Hormuz reopens, inflation could stabilize, enabling rate cuts later in 2026.
If the conflict persists, elevated energy prices may embed inflation across goods, complicating policy.
The Fed's next meeting is scheduled for April 28-29, and rates are expected to stay unchanged.

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Story summary

Federal Reserve Governor Christopher Waller cautioned against rate cuts, citing the U.S.-Israel war with Iran and its inflation risk.
If the Strait of Hormuz reopens, inflation could stabilize, enabling rate cuts later in 2026.
If the conflict persists, elevated energy prices may embed inflation across goods, complicating policy.
The Fed's next meeting is scheduled for April 28-29, and rates are expected to stay unchanged.