Mumbai, Feb. 18 -- US Federal Reserve Governor Christopher Waller has highlighted rise in US long-term bond yields despite Fed rate cuts. Waller was in favor of pausing interest rate cuts but was comfortable in leaving open the possibility of reductions later this year. Waller, chair of the Fed Board's payments subcommittee, noted in a speech that January had disappointed with uneven progress on inflation but rate cuts would be appropriate at some point. Labor market remains strong, solid growth appears to be continuing in first quarter of 2025, he opined.
Published by HT Digital Content Services with permission from Capital Market....