WALLER: inf working group may be most helpful to the FOMC.

Fed Governor Waller said his September rate decision will largely depend on next week’s August CPI; a sufficient uptick in inflation could lead him to support a hike at the upcoming policy meeting. He said continued progress toward the Fed’s 2% goal would make him favor holding the policy rate, while inflation printing above expectations would prompt him to consider tightening. Waller described current policy as modestly restraining growth and added that an inflation acceleration would not automatically compel tightening, but evidence in August that momentum toward 2% has reversed would justify a small policy adjustment to ensure inflation returns.

Shares of Broadcom listed in Frankfurt fell 2% after its Q4 revenue forecast missed expectations.