A coming hot PCE and a solid jobs report would signal the Fed should wait, says Waller

2026-03-06 12:46:00

• Will find out today if the labour market is turning a corner
• January job gains were concentrated, did not give comfort that economy as a whole was doing well
• Expect January jobs number to be revised down
• Could see the March meeting going either way depending on the data
• Don’t see a lot of tariff price risk left at this point
• People will see a spike in gas prices an be shocked
• But it is unlikely to cause sustained inflation
• If the conflict lasts longer, then it could have a broader impact

More to come..

This article was written by Justin Low at investinglive.com.