Fed Official Links Rate Decision to Upcoming Inflation Data

Why it matters locally: Massachusetts businesses and consumers may face increased borrowing costs, affecting everything from mortgages to business loans, if the Federal Reserve opts for another interest rate hike based on upcoming inflation data.

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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.