That is the conclusion drawn by much of the financial media from comments made yesterday by Christopher Waller, who is considered among the most hawkish members of the Federal Open Market Committee (FOMC).
To normal humans, Waller’s remarks may sound like gibberish: “There’s nothing that is saying we need to do anything imminent anytime soon, so we can just sit there, wait for the data and see if things continue.… [We had a] helluva good week of data” he told CNBC in an interview. But we are assured that what he really means is that interest rates will not be lowered at the Fed’s September rate-setting meeting.
