Fed Gov. Waller on CNBC: The data looks like we don’t need to raise rates

• The data looks like we don’t need to raise rates
• Look toward rate cuts toward the end of the year
• We need to really make sure inflation is on its way down toward targets
• Cuts will be dependent on the data
• We are going to see policy start to put more downward pressure on demand.
• Is deficit spending going to start to influence rates going up? That is what the concern is.
• $50 billion of additional spending is not a lot in a $28 trillion economy

This article was written by Greg Michalowski at www.forexlive.com.