waller

According to Jinshi reports, U.S. President Trump stated that Federal Reserve Chairman Waller is outstanding.

According to Jinshi reports, foreign media analysis states that U.S. President Trump is continuously pressuring the new Federal Reserve Chairman Waller to cut interest rates as soon as possible, but Wall Street investors are increasingly betting on the opposite outcome.The market generally expects that the Federal Reserve will maintain interest rates at its meeting on Wednesday. Trump has previously stated that interest rates should be lowered, but even if the Federal Reserve ultimately chooses to raise rates, Trump's criticism may not necessarily be directed at Waller.

According to Jinshi, the Director of the National Economic Council of the White House, Hassett, stated that our confidence in Federal Reserve Chairman Waller has never been stronger.

According to Jinshi reports, Mabrouk Chetouane, the Global Market Strategy Director at Natixis Investment Management, stated in a report that Federal Reserve Chairman Waller is unlikely to challenge the current consensus at his second monetary policy committee meeting. Chetouane pointed out that Waller will not succumb to the temptation of a 25 basis point rate hike, although at this stage, it is almost impossible to bring inflation back to target levels by the end of the year.Analysts generally expect the Federal Reserve to remain on hold on Wednesday, but the money market reflects a 38% probability expectation of a rate hike.

According to Jinshi reports, Goldman Sachs' latest research report shows that inflationary pressures in the United States are spreading from a few industries to a broader range of sectors. Although the current inflation level has not yet reached the peak of 2022, the coverage of rising prices is expanding, posing greater challenges for Federal Reserve policy. Goldman Sachs economist Jessica Rindels analyzed the degree of inflation diffusion based on the Personal Consumption Expenditures (PCE) price index, which the Federal Reserve focuses on, using a six-month annualized change rate.The data shows that compared to the average inflation level from 1990 to 2019, the pressure index for inflation categories exceeding 3% has reached about "6," while this index was "10" at the peak of inflation in 2022.The report points out that areas such as audio-visual equipment, financial services, healthcare, and transportation have become significant sources of current price increases. Meanwhile, housing rent inflation, which has a high weight in the PCE, is expected to fall below 3% in the fourth quarter of this year, potentially becoming an important factor in alleviating inflationary pressures.Goldman Sachs' analysis resonates with the recent concerns of new Federal Reserve Chairman Kevin Warsh regarding the "diffusion" of inflation. Warsh stated that preventing price increases from spreading to more sectors of the economy is an important task for the Federal Reserve. However, unlike the more explicit policy communication style of former Chairman Powell, Warsh currently refuses to provide specific guidance on interest rate paths.Jeremy Schwartz, a senior U.S. economist at Nomura Securities, stated that the Federal Reserve is reducing its forward guidance to the market, and this policy uncertainty has increased concerns on Wall Street. Meanwhile, hawkish voices within the Federal Reserve are rising. Dallas Federal Reserve President Logan has expressed support for moderate interest rate hikes, believing that the current economic resilience does not match the inflation risks.

Federal Reserve Chairman Waller stated that we do not want to engage in rescue operations; we hope to be in a position where no entity requires rescue—this also applies to the cryptocurrency industry.

According to Jinshi reports, JPMorgan strategists advise investors to close positions on the flattening of the 10-year to 30-year U.S. Treasury yield curve ahead of the U.S. CPI data release and Federal Reserve Chairman Waller's first testimony before Congress to address the upcoming event risks.The strategists stated that due to the escalation of geopolitical tensions and hawkish remarks from Federal Reserve officials, short-end U.S. Treasury yields rose by 6 basis points, and the yield curve flattened by 3 basis points. Waller expressed concerns that high inflation may become entrenched in market inflation expectations, stating that if CPI data continues to show strong core inflation pressures, the Federal Reserve will need to consider tightening monetary policy in the near term.

According to Jinshi reports, Federal Reserve Governor Waller stated that if core inflation shows high data again this week, the Federal Reserve will need to consider raising interest rates in the near term.

According to Jinshi reports, Federal Reserve Governor Waller stated that the labor market is stable and close to the Federal Reserve's maximum employment goal.

According to Jinshi reports, the tensions between the U.S. and Iran escalated sharply this week, with mutual attacks leading to the collapse of a fragile ceasefire agreement that had lasted for about three weeks. The inflationary pressure driven by rising oil prices has reignited expectations for the Federal Reserve to tighten its policies. During the same period, U.S. stocks largely ignored geopolitical uncertainties, with the "AI trading" frenzy regaining momentum, as the S&P 500 index approached an all-time high, and both it and the Nasdaq recorded a consecutive weekly gain. SK Hynix's ADR surged 13% on its first day, with a fundraising amount of $26.5 billion, making it the highest fundraising foreign company IPO in U.S. stock market history.In the coming week, the U.S.-Iran situation, U.S. CPI and other economic data, and speeches from Federal Reserve officials will capture Wall Street's attention. There is particular anticipation for whether Federal Reserve Chairman Waller can provide more clues about the interest rate outlook under questioning in Congress, although his determination to cancel forward guidance leaves little room for optimism. The macro data events for next week are as follows:MondayFederal Reserve Governor Waller speaksTuesdayU.S. ADP employment change for the week ending June 27U.S. June CPI and core CPIFederal Reserve Chairman Waller attends the House Financial Services Committee "Federal Reserve Semiannual Monetary Policy Report" hearingWednesday2027 FOMC voter and Chicago Fed President Goolsbee participates in a fireside chatU.S. June PPI and core PPIFOMC permanent voter and New York Fed President Williams speaksFederal Reserve Chairman Waller attends the Senate Banking, Housing, and Urban Affairs Committee "Federal Reserve Semiannual Monetary Policy Report" hearingFederal Reserve releases the Beige Book on economic conditionsThursdayU.S. initial jobless claims for the week ending July 11, U.S. June retail sales month-on-month, U.S. July Philadelphia Fed manufacturing index2026 FOMC voter and Dallas Fed President Logan speaksFederal Reserve Vice Chairman Jefferson speaks on the economy and monetary policy

According to Jinshi reports, Federal Reserve Governor Waller stated that it is reasonable to consider setting an inflation target range.

According to Jinshi reports, Federal Reserve Governor Waller stated that if the forward guidance is "too rigid or inflexible," it may become an obstacle to policy implementation.

According to Jinshi, Federal Reserve Chairman Waller stated that it is no secret that he hopes to reduce the size of the Federal Reserve's balance sheet.In the first four weeks of his tenure at the Federal Reserve, there has been no change in the view on the balance sheet.He hopes that interest rate policy will become a key policy tool.

According to CoinDesk, Federal Reserve Chairman Kevin Warsh will testify before Congress for the first time on July 14 at 10 AM (Eastern Time), and traders are closely watching for signals regarding stablecoins, bank custody, and interest rate policy.

According to Jinshi, Federal Reserve's Goolsbee stated that Federal Reserve Chairman Waller's approach is to reduce speculation on interest rates and decrease forward guidance, and he expressed considerable agreement with this approach.

According to Jinshi reports, Kay Haigh of Goldman Sachs Asset Management stated that the "unequivocally hawkish" message from Walsh surprised the market, as it prioritized curbing inflation. The market believes that the probability of a rate hike by the Federal Reserve in September has exceeded 80%, and expects more than one rate hike in October. Haigh predicts that the volatility of 2-year Treasury bonds will significantly increase in the future, as the market refocuses on inflation issues, with the long end of the yield curve stabilizing. On Wednesday, the yield on 2-year U.S. Treasuries surged by 13 basis points, marking the largest increase since April 2025.