European Stocks Rise as Markets Await Key U.S. Inflation Data 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Federal Reserve Governor Christopher Waller stated that trade tariffs under President Donald Trump would have a limited and temporary impact on inflation, urging the central bank to avoid stalling monetary policy adjustments. Speaking in Australia, Waller emphasized that any tariff-related price increases would be modest and short-lived. He advised the Fed to look past these effects when setting interest rates.
Waller acknowledged that tariffs could have a larger impact depending on their scale and implementation but noted that other economic policies could offset inflationary pressures by boosting supply. His comments followed the Fed's recent decision to keep interest rates steady amid growing concerns over Trump’s 25% tariffs on steel and aluminum imports and potential reciprocal tariffs.
Highlighting a strong labor market and persistent inflation, Waller supported the Fed’s decision to pause rate cuts. Recent inflation data, although higher than expected, still showed progress in reducing inflation over the past year. Waller maintained that rate cuts might be appropriate if economic conditions in 2025 mirror those of 2024.
In 2024, the Fed reduced interest rates by 1% to curb inflation. However, persistent inflation has led the central bank to signal an extended pause in further cuts. Waller’s remarks underscore the Fed’s cautious approach to monetary policy amid uncertain trade dynamics and inflationary trends.
This concise update highlights the Fed's stance on tariffs, interest rates, and inflation, offering insights into future monetary policy decisions.
