UBS On-Air: Paul Donovan Daily Audio 'Reasons to rush rate cuts'

Federal Reserve governor Waller suggested there was “no rush” to cut rates. There is no absolute urgency, but there are three counter arguments. Real rates for businesses and consumers have risen significantly since last July. Any lingering US inflation is mainly confined to Texas and Florida, not the whole country. And saying there is “no rush” is unlikely to be appreciated by struggling lower income households.