U.S. Fed Governor Signals More Rate Hikes but Leaves Door Open for October Pause

U.S. Federal Reserve Governor Christopher Waller said additional rate hikes will likely be needed to bring inflation to the Fed’s 2-per-cent target, but left the door open for a pause at the October meeting.

Why it matters. The U.S. Federal Reserve’s decision on rate hikes will affect the U.S. economy and financial markets.