14/11 Indices, page-3

AFR today Fed Waller at UBS Aust Conf;
3 mins ago – 8.55AMFed’s Waller urges: ‘Everyone should just take a deep breath’Jonathan ShapiroShare postUS Federal Reserve governor Chris Waller said the inflation data behind the incredible rally on Wall Street “was just one data point”, speaking at the UBS Australasia conference in Sydney.“The market seems to have gotten way out in front over this one CPI report. So it’s good, finally that we saw some evidence of inflation starting to come down but I just cannot stress this is one data point.“We”re going to need to see a continued run of this kind of behaviour. Inflation is slowly starting to come down before we really start thinking about taking our foot off the brakes here.“As chair Powell said in his press conference, we still got a ways to go. It’s really not so much about the pace anymore, where we want to end up and where we end up is going to be driven solely by what happened to inflation.“ So it’s good news, we saw some things that we wanted in that report, but the price is finally coming down after thinking it was going to happen for a year seeing some moderation and other services.“ This is all a good sign. But we’ve got to see this continue because the worst thing you can do is stop and then it takes off again and you’re caught. Everyone should just take a deep breath.”