US stocks rally and bond yields fall after Fed Governor Waller signals support for holding interest rates steady

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US stocks rally and bond yields fall after Fed Governor Waller signals support for holding interest rates steady

⚡ Markets: Waller's dovish tilt reduces the probability of a September rate hike, providing short-term relief for risk assets and bonds. Market pricing will now be highly sensitive to upcoming inflation data.S&P 500Nasdaq 100US10YDXY

Federal Reserve Governor Christopher Waller stated he would be inclined to support keeping interest rates unchanged at the next meeting if inflation data continues to improve. His comments eased market fears of another rate hike, triggering a sharp rally in equities and a decline in Treasury yields.

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13 sources across the spectrum

Google WestGoogle News (US) — Dow jumps 600 points, heads for best day in a month as yields fall: Live updates

West MSMReuters — Wall Street ends sharply higher as Waller remarks ease rate hike fears

Financial pressMarketWatch — New doubts emerge about whether Fed will raise interest rates this month

West MSMAP — Stocks rise on Wall Street as bond yields ease some more, even while oil prices continue to climb

Financial pressWall Street Journal — U.S. Stocks Climb as Treasury Yields Retreat on Waller’s Rate Comments

Financial pressFinancial Times — Treasury yields fall after top Fed official signals support for rate hold

Financial pressBloomberg — Fed’s Waller Leans Toward Holding Rates If Inflation Improving

Financial pressWall Street Journal — Global Bond Markets Take a Breather

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