[Federal Reserve Governor Waller: A stronger reason is needed to avoid cutting rates] Federal Reserve Governor Waller stated that the Fed needs a stronger reason than inflation exceeding the target for five consecutive years to avoid cutting rates.

[Partial Rebound in U.S. Treasuries, Market Focuses on Data Recovery and Rate Cut Expectations] Driven by gains in UK government bonds, U.S. Treasuries recovered some of last week's losses. Despite Amazon issuing $12 billion in corporate bonds, which caused early setbacks in the corporate debt market, the Treasury rebound continued. On Monday, New York State factory activity unexpectedly rose to a one-year high, but most Treasury yields still fell by 1 to 3 basis points. The market predicts that the recovery of federal economic data may boost expectations for Federal Reserve rate cuts. Morgan Stanley forecasts that by mid-2026, the 10-year U.S. Treasury yield will drop to 3.75%, with the most optimistic scenario reaching 2.40%. The Bureau of Labor Statistics plans to release September economic data on November 20. The Federal Reserve has previously cut rates by 0.25 percentage points for two consecutive months.

[Federal Reserve Governor Waller: The neutral level of interest rates is still unclear] Federal Reserve Governor Waller stated that the neutral level of interest rates is still unclear.

[Federal Reserve Governor Waller Suggests Greater Focus on the Labor Market] Federal Reserve Governor Waller stated that more attention should be paid to the labor market rather than the current inflation overshoot.

[Federal Reserve Governor Waller: Job Market Rebound Will Reduce the Need for Insurance Rate Cuts] Federal Reserve Governor Waller stated that if the job market rebounds, the need for insurance rate cuts will decrease.