Fed's Waller Backs Rate Cut In December Amid Weakening Labor Market: 'Not Worried About Inflation Accelerating' - SPDR S&P 500 (ARCA:SPY)

Federal Reserve Governor Christopher Waller argued for "continuing rate cuts" on Monday, stating he supports cutting the Fed’s policy rate at its next meeting in December to manage risks from a deteriorating labor market.Waller Bats For Cuts, Harping On ‘Weak Labor Markets’Speaking in London, Waller identified the “weak labor market” as his primary focus, overriding concerns about inflation. “I am not worried about inflation accelerating or inflation expectations rising significantly,” Waller said in prepar ...