Wall Street jumps over 1% after Waller signals rates could stay unchanged
AI Market Summary
Risk assets rallied after Fed Governor Waller signaled openness to holding rates steady if inflation continues to cool, prompting markets to pare September hike odds (CME FedWatch). Treasury yields eased, supporting equities, particularly AI-linked megacaps, while economic data broadly surprised positively despite firmer services input prices. Crypto-linked equities also benefited alongside a bitcoin rebound, reinforcing a risk-on tone into upcoming US jobs data.
Impact level
● High
Affected assets
NCSISP5002USD/USDT+0.13%
AI Insight · NCSISP5002USD/USDTAI Insight
▲ Bullish
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Fed Governor Christopher Waller said he would support keeping rates steady if data show inflation pressures are easing. After his remarks, markets cut the implied chance of a September rate hike to 50.4% from 63.2%. Economic data were broadly upbeat, with jobless claims low and the services sector accelerating. The Dow closed up 624.16 points, or 1.18%, at 53,686.11.
