Waller: Should not rush to ease monetary policy.
Reducing the total number of rate cuts or delaying them would be consistent with recent data.
Strong economic growth and robust labor market prevent the Fed from cutting rates too soon
MARKET DAILY
Market 03/28: Q4/2023 GDP revised up - consumer spending and corporate earnings remain high
Fed Waller: Should not rush to cut interest rates. Jobless claims continue to fluctuate around record lows despite layoff notices remaining high. Expectations for inflation to decline.
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