Waller backs rate cut as labour market weakens


Federal Reserve governor Christopher Waller. — Reuters

WASHINGTON: The job market is weak enough to warrant another quarter-point rate cut in December, though action beyond that depends on an upcoming flood of data delayed by the government shutdown, Federal Reserve (Fed) governor Christopher Waller says.

Since the last Fed meeting, “most of the private sector and anecdotal data that we’ve gotten is that nothing has really changed.

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