What does the April CPI mean? "New Fed Mouthpiece": Rate cuts are no longer a 2026 story, Waller is in trouble.
US April CPI inflation rose more than expected, dampening market hopes for Fed rate cuts this year. Nick Timiraos, known as the "new Fed reporter," said the April CPI report will not change the Fed's basic hawkish or dovish stance, but if similar data persists in