Fed Official Links Rate Decision to Upcoming Inflation Data

Why it matters locally: Potential interest rate increases could affect Utah's housing market, borrowing costs for businesses in key industries such as technology and advanced manufacturing, and consumer spending statewide.

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Federal Reserve Governor Christopher Waller indicated Thursday that a forthcoming inflation report will largely determine his position on whether to support an interest rate increase later this month. Waller specified the report on consumer prices, scheduled for release next week, as the key factor influencing his vote. He made these comments during a public address, outlining his approach to monetary policy decisions.