Waller issued hawkish remarks and waited for interest rate policy adjustments😰

Wunsch of the European Central Bank said that "interest rate hikes may continue beyond September", but Eurozone pricing shows that there is only one interest rate hike left before reaching the terminal interest rate (3.8%); Waller of the Federal Reserve said after the Fed's "hawkish pause in raising interest rates" In his first statement, which bluntly stated that "inflation has not changed at all," he went on to note that the economy is "generally still developing at a rapid pace" and that price pressures "have not changed much" while "whether banking pressures have materially intensified in the near term." The tightening of lending conditions is not yet clear." Finally, he dismissed the idea that monetary transmission is lagging, saying that "the impact is coming earlier than people think" and "the transmission is much faster than in the past." Overall, , it was a clear hawkish message and seemed to make a deeper impression than Chairman Powell's remarks last Wednesday.