Fed Governor Waller's hawkish pivot to floating rate hikes is a direct challenge to the incoming, politically-appointed Chair Warsh. This isn't a random speech; it's a pre-emptive strike to re-anchor the Fed's inflation mandate against White House pressure for cuts. Waller is signaling that a hawkish faction will fight to keep the reaction function data-dependent, a view echoed by Treasury. The Fed's independence is immediately being tested.
explicit
NDX
RUT
Oil
Metals
USD
Federal Reserve
9.4
Central Bank
Christopher Waller 7.0
Central Bank
Christopher Waller 7.0
5/22/2026 5:45:12 PM
yields
I can no longer rule out rate hikes further down the road if inflation does not abate soon
| 5/6/2026 9:31:19 PM | short term cautious up | 5 days later | +1.62% | +0.81% |
| 4/29/2026 9:59:50 PM | short term cautious up | 5 days later | +0.59% | +0.30% |
| 4/22/2026 1:15:04 AM | medium term cautious up | 20 days later | +3.65% | +1.83% |
| 4/21/2026 9:02:49 PM | short term up | 5 days later | +0.98% | +0.98% |
| 4/1/2026 10:00:00 AM | medium term cautious down | 20 days later | -0.44% | +0.22% |
| 3/30/2026 9:16:07 PM | medium term cautious down | 20 days later | -1.41% | +0.71% |
| 3/18/2026 11:29:30 PM | medium term cautious up | 20 days later | +0.23% | +0.12% |
| 3/18/2026 8:57:23 PM | medium term cautious down | 20 days later | +0.23% | -0.12% |
| 3/5/2026 10:19:45 AM | medium term down | 20 days later | +6.85% | -6.85% |
| 2/24/2026 5:28:52 PM | medium term cautious down | 20 days later | +3.80% | -1.90% |
| 1/31/2026 1:39:54 AM | short term cautious down | 7 days later | -1.80% | +0.90% |
| 1/30/2026 4:06:49 PM | short term up | 7 days later | -1.80% | -1.80% |
| 1/21/2026 10:03:18 PM | medium term cautious up | 20 days later | -1.81% | -0.91% |
| 1/8/2026 11:18:05 PM | medium term down | 20 days later | +1.34% | -1.34% |
| 1/8/2026 5:00:02 PM | medium term cautious down | 20 days later | +1.34% | -0.67% |
| 12/23/2025 1:43:04 PM | medium term cautious down | 20 days later | +0.85% | -0.42% |
| 12/22/2025 6:49:39 PM | short term cautious down | 6 days later | -1.27% | +0.64% |
| 12/19/2025 4:38:22 PM | medium term cautious down | 21 days later | +0.43% | -0.22% |
| 12/17/2025 4:02:54 PM | medium term cautious down | 20 days later | +0.53% | -0.27% |
| 12/12/2025 11:35:37 PM | medium term cautious down | 21 days later | -0.41% | +0.20% |
| 12/11/2025 8:07:07 PM | medium term cautious down | 21 days later | -0.17% | +0.08% |
| 12/10/2025 11:45:00 PM | short term cautious down | 5 days later | +0.19% | -0.10% |
| 12/10/2025 10:06:22 PM | short term cautious down | 5 days later | +0.19% | -0.10% |
| 12/10/2025 9:59:59 PM | short term down | 5 days later | +0.19% | -0.19% |
| 12/10/2025 9:58:25 PM | short term down | 5 days later | +0.19% | -0.19% |
| 12/8/2025 4:22:22 PM | short term down | 6 days later | -0.10% | +0.10% |
| 11/25/2025 1:10:38 PM | short term cautious down | 5 days later | +2.45% | -1.23% |
| 11/25/2025 10:11:27 AM | short term cautious down | 5 days later | +2.45% | -1.23% |
| 11/21/2025 4:18:30 PM | medium term cautious down | 21 days later | +3.57% | -1.78% |
| 11/18/2025 10:02:58 AM | short term down | 5 days later | -2.30% | +2.30% |
| 11/10/2025 7:15:17 PM | medium term cautious down | 20 days later | -0.58% | +0.29% |
| 11/10/2025 5:17:27 PM | medium term cautious down | 20 days later | -0.58% | +0.29% |
| 11/7/2025 10:50:35 PM | medium term down | 21 days later | -0.34% | +0.34% |
| 11/4/2025 2:28:09 AM | short term cautious down | 5 days later | -1.13% | +0.57% |
| 11/4/2025 2:28:09 AM | short term cautious down | 5 days later | -1.13% | +0.57% |
| 11/3/2025 9:06:33 PM | medium term cautious up | 20 days later | -1.25% | -0.62% |
| 11/3/2025 7:15:45 PM | short term cautious down | 6 days later | +0.51% | -0.26% |
| 11/3/2025 5:15:56 PM | medium term cautious up | 20 days later | -1.25% | -0.62% |
| 11/3/2025 3:04:15 PM | medium term cautious down | 20 days later | -1.25% | +0.62% |
| 10/30/2025 5:30:59 PM | medium term cautious down | 20 days later | +0.12% | -0.06% |
| 10/30/2025 1:30:10 AM | short term cautious down | 5 days later | +1.37% | -0.68% |
| 10/30/2025 1:00:07 AM | short term cautious down | 5 days later | +1.37% | -0.68% |
| 10/29/2025 11:38:10 PM | short term cautious down | 5 days later | -0.10% | +0.05% |
| 10/29/2025 10:44:00 PM | short term down | 5 days later | -0.10% | +0.10% |
| 10/29/2025 10:11:32 PM | short term cautious down | 5 days later | -0.10% | +0.05% |
| 10/29/2025 10:00:33 PM | medium term cautious down | 20 days later | +0.98% | -0.49% |
| 10/29/2025 9:40:37 PM | medium term cautious down | 20 days later | +0.98% | -0.49% |
| 10/29/2025 9:34:46 PM | short term cautious down | 5 days later | -0.10% | +0.05% |
| 10/29/2025 9:30:01 PM | short term cautious down | 5 days later | -0.10% | +0.05% |
| 10/29/2025 9:19:58 PM | medium term cautious up | 20 days later | +0.98% | +0.49% |
| 10/29/2025 9:15:22 PM | medium term cautious down | 20 days later | +0.98% | -0.49% |
| 10/29/2025 9:15:00 PM | medium term cautious up | 20 days later | +0.98% | +0.49% |
| 10/29/2025 9:08:09 PM | short term cautious up | 5 days later | -0.10% | -0.05% |
| 10/29/2025 9:05:01 PM | medium term cautious down | 20 days later | +0.98% | -0.49% |
| 10/29/2025 9:02:24 PM | short term cautious down | 5 days later | -0.10% | +0.05% |
| 10/29/2025 8:57:22 PM | short term cautious down | 5 days later | -0.10% | +0.05% |
| 10/16/2025 6:04:41 PM | short term cautious down | 5 days later | -1.35% | +0.67% |
| 10/16/2025 4:52:44 PM | medium term cautious down | 20 days later | +2.15% | -1.07% |
| 10/16/2025 4:01:47 PM | medium term cautious down | 20 days later | +2.15% | -1.07% |
| 10/15/2025 9:05:27 PM | medium term cautious down | 20 days later | +4.55% | -2.28% |
| 10/15/2025 8:00:24 PM | medium term cautious down | 20 days later | +4.55% | -2.28% |
| 10/15/2025 5:49:02 PM | short term cautious down | 5 days later | -0.33% | +0.16% |
| 10/15/2025 1:03:55 PM | short term sharp down | 5 days later | -0.33% | +0.49% |
| 10/15/2025 12:59:00 PM | short term sharp down | 5 days later | -0.33% | +0.49% |
| 10/14/2025 11:49:39 PM | medium term cautious up | 20 days later | +1.06% | +0.53% |
| 10/14/2025 10:05:13 PM | short term cautious down | 5 days later | -1.48% | +0.74% |
| 10/14/2025 9:31:14 PM | medium term cautious down | 20 days later | +1.06% | -0.53% |
| 10/14/2025 9:15:03 PM | medium term cautious up | 20 days later | +1.06% | +0.53% |
| 10/14/2025 7:56:12 PM | medium term cautious up | 20 days later | +1.06% | +0.53% |
| 10/3/2025 6:45:12 PM | medium term cautious up | 21 days later | -3.96% | -1.98% |
| 10/3/2025 5:48:20 PM | medium term cautious down | 21 days later | -3.96% | +1.98% |
| 10/3/2025 5:24:31 PM | medium term cautious down | 21 days later | -3.96% | +1.98% |
| 9/30/2025 10:13:15 PM | short term cautious down | 5 days later | +1.36% | -0.68% |
| 9/30/2025 10:13:15 PM | short term cautious down | 5 days later | +1.36% | -0.68% |
| 9/25/2025 9:08:46 PM | medium term cautious down | 20 days later | -5.04% | +2.52% |
| 9/25/2025 6:06:52 PM | medium term cautious down | 20 days later | -5.04% | +2.52% |
| 9/25/2025 4:23:00 PM | medium term cautious down | 20 days later | -5.04% | +2.52% |
| 9/25/2025 2:39:06 PM | short term cautious down | 5 days later | -1.93% | +0.97% |
| 9/23/2025 8:17:55 PM | short term cautious down | 5 days later | -0.14% | +0.07% |
| 9/23/2025 4:45:06 PM | short term cautious down | 5 days later | -0.14% | +0.07% |
| 9/22/2025 10:12:27 PM | short term cautious down | 6 days later | +0.51% | -0.25% |
| 9/22/2025 7:01:00 PM | short term cautious down | 6 days later | +0.51% | -0.25% |
| 9/19/2025 7:19:43 PM | short term cautious down | 7 days later | -0.05% | +0.02% |
| 9/19/2025 3:30:59 PM | short term cautious down | 7 days later | -0.05% | +0.02% |
| 9/18/2025 2:13:16 PM | short term cautious down | 5 days later | +0.19% | -0.10% |
| 9/18/2025 2:00:01 AM | medium term cautious down | 20 days later | +0.22% | -0.11% |
| 9/17/2025 11:14:58 PM | medium term cautious up | 20 days later | +0.61% | +0.30% |
| 9/17/2025 10:48:21 PM | short term cautious down | 5 days later | +0.39% | -0.19% |
| 9/17/2025 10:45:01 PM | short term cautious down | 5 days later | +0.39% | -0.19% |
| 9/17/2025 10:16:13 PM | short term cautious down | 5 days later | +0.39% | -0.19% |
| 9/17/2025 10:12:22 PM | medium term cautious down | 20 days later | +0.61% | -0.30% |
| 9/17/2025 10:09:39 PM | short term cautious down | 5 days later | +0.39% | -0.19% |
| 9/17/2025 10:03:46 PM | short term cautious down | 5 days later | +0.39% | -0.19% |
| 9/17/2025 10:00:17 PM | short term down | 5 days later | +0.39% | -0.39% |
| 9/16/2025 3:38:44 PM | short term cautious down | 5 days later | +1.64% | -0.82% |
| 9/16/2025 3:30:44 PM | short term down | 5 days later | +1.64% | -1.64% |
| 9/15/2025 4:08:28 PM | short term down | 6 days later | +2.91% | -2.91% |
| 9/12/2025 2:49:43 PM | short term cautious down | 7 days later | +2.70% | -1.35% |
| 9/10/2025 2:40:48 PM | short term cautious down | 5 days later | +0.37% | -0.19% |
| 9/10/2025 9:59:15 AM | short term cautious down | 5 days later | +0.37% | -0.19% |
| 9/4/2025 5:58:21 PM | medium term cautious up | 20 days later | +2.10% | +1.05% |
| 9/3/2025 5:47:14 PM | medium term cautious down | 20 days later | -0.69% | +0.35% |
| 9/3/2025 5:46:57 PM | medium term sharp down | 20 days later | -0.69% | +1.04% |
| 9/3/2025 4:33:59 PM | short term down | 5 days later | -2.44% | +2.44% |
| 9/3/2025 4:33:52 PM | short term cautious down | 5 days later | -2.44% | +1.22% |
| 8/29/2025 4:29:23 PM | short term cautious up | 6 days later | -5.40% | -2.70% |
| 8/29/2025 2:20:50 PM | short term cautious down | 6 days later | -5.40% | +2.70% |
| 8/29/2025 2:11:04 PM | short term cautious down | 6 days later | -5.40% | +2.70% |
| 8/29/2025 10:48:16 AM | short term cautious down | 6 days later | -5.40% | +2.70% |
| 8/29/2025 10:10:30 AM | short term down | 6 days later | -5.40% | +5.40% |
| 8/29/2025 2:27:21 AM | short term cautious down | 6 days later | -5.40% | +2.70% |
| 8/27/2025 5:54:14 PM | medium term cautious down | 20 days later | -3.11% | +1.56% |
| 8/27/2025 4:26:23 PM | medium term cautious down | 20 days later | -3.11% | +1.56% |
| 8/26/2025 6:50:08 PM | medium term cautious up | 20 days later | -5.00% | -2.50% |
| 8/26/2025 8:42:05 AM | short term cautious down | 6 days later | +0.92% | -0.46% |
| 8/25/2025 5:57:59 PM | medium term cautious down | 20 days later | -5.26% | +2.63% |
| 8/25/2025 8:38:14 AM | short term cautious down | 7 days later | +0.45% | -0.22% |
| 8/22/2025 11:32:42 PM | short term down | 8 days later | +0.05% | -0.05% |
| 8/22/2025 8:13:21 PM | short term cautious down | 8 days later | +0.05% | -0.02% |
| 8/20/2025 4:24:10 PM | short term cautious up | 5 days later | -1.66% | -0.83% |
| 8/14/2025 11:48:29 PM | short term cautious down | 5 days later | -0.74% | +0.37% |
| 8/12/2025 11:45:00 PM | medium term cautious down | 20 days later | +0.92% | -0.46% |
| 8/12/2025 11:24:12 PM | medium term sharp down | 20 days later | +0.92% | -1.38% |
| 8/12/2025 4:25:35 PM | medium term cautious down | 20 days later | +0.92% | -0.46% |
| 8/12/2025 7:46:47 AM | short term cautious down | 5 days later | +2.43% | -1.22% |
| 8/7/2025 6:16:13 PM | short term cautious down | 5 days later | -1.10% | +0.55% |
| 8/7/2025 5:34:00 PM | medium term cautious down | 20 days later | -1.82% | +0.91% |
| 8/5/2025 12:45:01 AM | medium term cautious down | 20 days later | +0.90% | -0.45% |
| 7/30/2025 11:06:39 PM | medium term cautious up | 20 days later | -1.47% | -0.73% |
| 7/30/2025 9:54:37 PM | medium term cautious up | 20 days later | -1.47% | -0.73% |
