Christopher Waller: inclined to keep interest rates unchanged
On September 3rd, Federal Reserve Governor Christopher Waller stated that as long as inflation continues to slow down, he is inclined to keep interest rates unchanged. Affected by this, US treasury bond bonds rose, US bond yields of all maturities fell by 3 to 5 basis points, and two-year US bond yields fell by 7 basis points to 4.30%. The US dollar fell 0.5% and weakened against all other G-10 currencies. Tom di Galoma, Managing Director of Mischler Financial Group, said that Christopher Waller's comments relieved the US treasury bond market. He was in the camp of maintaining interest rates until more inflation indicators were released.