Fed's Waller Puts Rate Hikes Back on the Table as Iran War Oil Shock Stokes Inflation
Fed Governor Christopher Waller said he can no longer rule out rate hikes after Iran War-driven oil prices pushed inflation in the wrong direction. Treasury yields are surging toward multi-year highs as markets rapidly reprice rate expectations. The FOMC is split on whether the supply shock is transitory or entrenched.
Salvado•