Waller is unlikely to challenge the current consensus of the Federal Reserve, analysts say the probability of a rate hike is only 38%

According to Jinshi reports, Mabrouk Chetouane, the Global Market Strategy Director at Natixis Investment Management, stated in a report that Federal Reserve Chairman Waller is unlikely to challenge the current consensus at his second monetary policy committee meeting. Chetouane pointed out that Waller will not succumb to the temptation of a 25 basis point rate hike, although at this stage, it is almost impossible to bring inflation back to target levels by the end of the year.

Analysts generally expect the Federal Reserve to remain on hold on Wednesday, but the money market reflects a 38% probability expectation of a rate hike.