Fed Chair Waller's cautious comments on rate forecasts spark expectations of a policy pause, driving down odds of a near-term rate hike on prediction markets.
Macro & Markets ·
Fed Chair Waller told central bankers he prefers to withhold rate forecasts through 2026, a position markets read as signaling a likely policy pause at the next meeting rather than a rate increase. Odds of a near-term hike have declined sharply on Kalshi prediction markets following the remarks. Waller cautioned against over-interpreting his stance, noting that conditions could shift.