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Fed’s Waller: Labor market weak, having an effect on inflation

  • Inflation expectations anchored
  • Should proceed based on what data is telling us
  • Should look through tariff-driven inflation
  • Excluding temporary inflation, PCE is running at 2.5%
  • Biggest concern now is labor market
  • Still advocates cutting rates in December
  • Right thing to do is to keep cutting

He wants that Fed job.

This article was written by Adam Button at investinglive.com.

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