Stocks Climb Before the Open on Micron Boost Ahead of U.S. Inflation Data

Fed Governor Christopher Waller said on Wednesday he supports additional interest rate cuts to bring the central bank’s setting back to neutral, while noting there is no need to move hastily. “Because inflation is still up, we can take our time — there’s no rush to get down,” Waller said in a CNBC forum. Outlining a scenario in which inflation continues to ease through 2026, Waller said monetary policy settings remain as much as 100 basis points above neutral. At the same time, Atlanta Fed President Raphael ...