TIMIRAOS said Waller’s Jackson Hole remarks raised investors’ perceived odds of a Fed hike but did not specify what would trigger one. Markets have filled that information gap and now price a hike size Waller never pledged. Consequently, Friday’s inflation report is being treated as pivotal for any Fed move; Waller has long opposed relying on a single data point for such decisions.

2026-09-10

TIMIRAOS said Waller’s Jackson Hole remarks raised investors’ perceived odds of a Fed hike but did not specify what would trigger one. Markets have filled that information gap and now price a hike size Waller never pledged. Consequently, Friday’s inflation report is being treated as pivotal for any Fed move; Waller has long opposed relying on a single data point for such decisions.