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EconomyFed Governor Waller Backs a Rate Hold at the September 16 FOMC MeetingMortgage & Housing30-Year Mortgage Rate Slips to 6.74% as Markets Await the Fed DecisionPersonal FinanceAmericans Growing More Worried About Finances and Jobs, New York Fed Survey FindsRetirementSeptember Is the Final Data Month That Will Set Social Security's 2027 RaiseBankingBest CD Rates Top 4.50% in September While the National Average Sits at 2.05%EconomyFed Governor Waller Backs a Rate Hold at the September 16 FOMC MeetingMortgage & Housing30-Year Mortgage Rate Slips to 6.74% as Markets Await the Fed DecisionPersonal FinanceAmericans Growing More Worried About Finances and Jobs, New York Fed Survey FindsRetirementSeptember Is the Final Data Month That Will Set Social Security's 2027 RaiseBankingBest CD Rates Top 4.50% in September While the National Average Sits at 2.05%
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Today’s Lead Story
Wednesday, September 9

Economy

Fed Governor Waller Backs a Rate Hold at the September 16 FOMC Meeting

via Federal Reserve

Fed Governor Christopher Waller said September 3 he would back keeping rates at 3.50–3.75% at the upcoming September 15–16 meeting, saying the Fed should give disinflation more time to work. Market-implied odds of a rate hike fell to around 48% after his remarks.

Why it matters

A rate hold next week would prevent further increases in the cost of mortgages, car loans, and credit card balances that millions of households are carrying.

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