Christopher Waller

U.S. stocks could get off to a mixed start on Monday after the averages posted weekly gains for a fifth straight week. The bond market is closed on account of Columbus Day, which is a federal holiday, but the stock market will trade during usual hours. The majority opinion among strategists hints...

Federal Reserve Governor Michelle W. Bowman defended her decision on Friday to withhold support for a 50-basis-point interest rate cut during this week’s Federal Open Market Committee’s meeting. Instead, Bowman advocated for a more measured approach and was the lone vote for a 25-basis-...

Friday was a lackluster session on Wall Street, with major U.S. averages lingering in negative territory at midday trading in New York. This session coincided with the simultaneous expiration of a large volume of options and futures contracts, commonly referred to as “triple witching.”...

The non-farm payrolls data is keeping traders on the tenterhook and the index futures point to a negative opening on Friday. The caveat here is the the market mood could quickly pivot to positivity if the job gain comes in line with expectations. Following the data, traders get to hear from two...

Wall Street appears on track to pause in the first trading session of the new week after the strong rebound from its Aug. 5 market collapse. The lack of any major trading catalysts makes it all the more complicated to determine the trading direction. The momentum is on the market’s side, as...

Sentiment will likely reverse course, with the index futures trading notably lower early Wednesday. The recent run-up ideally should render the mood cautious, and the caution may intensify as the first AI-levered chip company from across the Atlantic reported second-quarter results that were not...

Wall Street is eyeing a return to winning ways on Friday after the lackluster sentiment seen in the past two sessions. The index futures held modestly higher in early trading. The spotlight is likely to be on a Fed speech scheduled for the day and the inflation expectations readings of the...

Early Tuesday futures trading suggested a pause after the tech-driven rally of the previous session. Global cues were negative, with Asian markets retreating and European markets opening lower. Commodities dipped, and bond yields remained flat. Traders may be cautious until Nvidia...

U.S. index futures are modestly higher in early trading on Monday, suggesting that the upward momentum remains intact, albeit laced with caution. Traders will likely scan speeches by Federal Reserve officials for confirmation regarding rate trajectory. The global markets have taken development in...

Federal Reserve Governor Christopher J. Waller starkly opposed the idea of cutting interest rates amidst current macroeconomic conditions characterized by the recent unexpectedly high inflation figures. Speaking at the Economic Club of New York on Wednesday, March 27, Waller said, “There is...

After more than 10 interest rate hikes by the Federal Reserve in the last two years, investors have come around to expecting rate cuts in 2024. Several Federal Reserve officials are throwing caution to upcoming rate cuts. What Happened: Investors have been pricing in rate cuts by the Federal...

Federal Reserve Gov. Christopher J. Waller‘s recent comments at The Brookings Institution have significantly impacted market expectations regarding interest rate cuts. Waller emphasized a careful approach, focusing on keeping the economy stable and managing inflation, suggesting the Fed won...

It’s a red day on Wall Street, with stocks retreating as investors assess the latest economic data indicating an increase in jobless claims and Walmart, Inc. (NYSE:WMT) delivering a cautious stance on the consumer outlook. Treasury yields fell, as investors flocked to fixed income. The 10-...

U.S. stocks are attempting to post the longest streak of consecutive positive sessions in over two years. As of midday trading in New York, both the S&P 500 and the Nasdaq 100 traded in the green, on track to record their respective seventh and eighth straight sessions of gains. The decline in...

Wall Street tumbled during midday trading, with all major stock indices in the red, and only the energy sector showing gains for the session, while 30-year Treasury yields breached the 5% mark, hitting the highest level in over 17 years. The recent developments in the Middle East have weighed on...