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Waller Says Fed Could Delay Second October Rate Hike

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Story summary
  • Fed Governor Christopher J. Waller said the Fed may delay a second rate hike.
  • Fed Governor Christopher J. Waller said the Fed must bring inflation to its 2 percent target and supports hikes.
  • Markets gave about 70 percent odds for a second October hike two weeks earlier; odds later fell to roughly 20 percent.
  • Fed Chair Kevin M. Warsh, John C. Williams and Philip N. Jefferson said the Fed can take its time.