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News articleYahoo Finance· May 23, 2026
Another top Fed official resets rate-cut bets
View original at finance.yahoo.comAnother top Fed official resets rate-cut bets After months of market expectations of rate cuts this year, Federal Reserve Governor Christopher J…
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High oil prices driven by the Iran War could dissipate quickly depending on the length of the conflict
60% confidenceThe Fed's current wait-and-see stance of holding rates steady is appropriate until the true inflationary impact of the Iran War becomes clearer
60% confidenceLonger-term monetary tightening may be necessary if supply-shock inflation from the Iran War does not prove transitory
60% confidenceInflation is not moving in the right direction
60% confidenceRate hikes can no longer be ruled out if inflation does not abate soon
60% confidenceWaller would not hesitate to support a rate hike if inflation expectations become unanchored, but such action is currently premature
60% confidence
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