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Fed's Waller suggests there may be a September pause
Last week's barrage of inflation, spending and employment data supported the idea that the economy is going through a relatively painless slowdown that could reduce inflation without further interest rate hikes. • A Fed governor on Tuesday morning confirmed that view is held among the central bank's leadership. Driving the news: In an appearance on CNBC, governor Christopher Waller said "that was a hell of a good week of data we got last week," which should allow the central bank "to proceed carefully" with its next moves. • "We can just sit there, wait for the data, see if things continue," Waller said on ... (full story)