FED’S WALLER LEANS TOWARD SEPTEMBER HOLD Fed Governor Christopher Waller is inclined to keep rates unchanged at the September 15-16 meeting if August inflation confirms recent disinflation progress. However, a hotter inflation report could prompt him to support a rate hike, saying even a modest acceleration may justify tighter policy. Waller said economic growth remains solid and the labor market healthy, while underlying inflation is improving faster than headline core measures suggest. He still sees upside inflation risks amid geopolitical, trade and AI uncertainty.