Fed's Christopher Waller signaled that he supports cutting interest rates, despite high inflation and Trump's tariff concerns.

Fears of elevated interest rates dampened the mood on Wall Street at the start of this year–but cooling core inflation and dovish comments by Federal Reserve governor Christopher Waller have given investors reason to feel a bit more cheerful this week.

Fed-funds futures traders inched closer to an almost 50% chance that the Federal Reserve will cut its benchmark interest rate by May, after Fed governor Christopher Waller told CNBC he sees a possibility of three to four reductions this year.

Federal Reserve Governor Christopher Waller said Wednesday that he supported more interest rate cuts this year and didn't think that proposed import tariffs from the incoming Trump administration ...

A top policymaker at the US Federal Reserve says that he still supports reducing interest rates this year, despite elevated inflation and the prospect of widespread tariffs.

Stocks struggled to make headway after a solid rally, while bond yields dropped on dovish remarks from Federal Reserve Governor Christopher Waller.

The S&P 500 turned positive in late morning trade on hopes that more rate cuts from the Federal Reserve might still on the table for 2025. Fed governor Christopher Waller said he sees potential for up to four more cuts this year,

By Howard Schneider, Ann Saphir WASHINGTON (Reuters) -Inflation is likely to continue to ease and possibly allow the U.S. central bank to cut interest rates sooner and faster than expected, Federal Reserve Governor Christopher Waller said on Thursday in comments that pushed against recent market moves that anticipate a shallower Fed rate path.

Treasury yields fell on Friday, pulling back further from recent highs as investors assess the U.S. inflation outlook. At 7:09 a.m. ET, the 10-year Treasury fell more than 2 basis points to 4.584%. The 2-year Treasury yield fell around 1 basis point to 4.

Gold held firm near a five-week high on Friday and was set for a third straight week of gains, as U.S. inflation data released earlier this week raised expectation that the Federal Reserve might cut interest rates further this year. Spot gold was flat at $2,715.09 per ounce, as of 0332 GMT. Bullion has gained about 1% so far this week.

The prospect of a hiatus in rate cuts, or even a rate hike, had driven up Treasury yields, which weighed on utility stocks in recent sessions. Write to Rob Curran at [email protected]