Fed Governor Waller Indicates September Rate Hike Depends on August Inflation Data

US Federal Reserve Governor Christopher Waller stated that the upcoming August inflation report, due September 11, will be crucial in determining his stance on an interest rate hike later this month. He indicated a willingness to keep rates unchanged if inflation continues to cool, but would consider a hike if inflation "comes in hot." Waller also noted that current borrowing costs are only "slightly restricting" consumer and business demand.