Fed's Waller: Seeing some signs of softer data ...Middle East

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Feds Waller: Seeing some signs of softer data
Not all tariffs are passed throughWe have to respond to hard dataWaiting to see if weakness in soft data shows up in broader statisticsDoesn't see a case for a March rate cut (market was only pricing in a slim chance anyway)Could see rate cuts after the March meeting (May priced at 60% for a cut)

Comments earlier in the year suggested upside risks to inflation were the main challenge for the Fed but now with Waller and Musalem previously, we're seeing more worried about growth.

This article was written by Adam Button at www.forexlive.com.

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