Fed's Waller: Labor market weak, but Fed should move in cautious quarter-point cuts - CNBC

Core Insights - U.S. Federal Reserve Governor Christopher Waller indicated that private data suggests the job market remains weak, supporting the argument for further rate cuts [1] - Waller emphasized that the central bank should proceed with "cautious" quarter percentage point steps while assessing the economy [1] Economic Indicators - The job market is characterized as weak based on private data, which may influence monetary policy decisions [1] - The Federal Reserve is considering further rate cuts in response to the current economic conditions [1] Monetary Policy Approach - The central bank's approach to rate adjustments will be cautious, focusing on quarter percentage point changes [1] - This strategy reflects a careful evaluation of the overall economic landscape before making significant policy shifts [1]