{"id":52631,"date":"2025-09-03T09:08:32","date_gmt":"2025-09-03T13:08:32","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/feds-waller-signals-aggressive-rate-cuts-amid-rising-oil-supply-and-macys-price-hikes\/52631\/"},"modified":"2025-09-03T09:08:32","modified_gmt":"2025-09-03T13:08:32","slug":"feds-waller-signals-aggressive-rate-cuts-amid-rising-oil-supply-and-macys-price-hikes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/feds-waller-signals-aggressive-rate-cuts-amid-rising-oil-supply-and-macys-price-hikes\/52631\/","title":{"rendered":"Fed&#8217;s Waller Signals Aggressive Rate Cuts Amid Rising Oil Supply and Macy&#8217;s Price Hikes"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Federal Reserve Governor Christopher Waller<\/strong> has advocated for an interest rate cut at the <em>next Federal Open Market Committee (FOMC) meeting<\/em>, anticipating <em>multiple cuts<\/em> over the coming months, though not necessarily in a &quot;lick-sequence&quot; of every meeting.<\/li>\n<li><strong>Macy&#39;s (<a href=\"\/stock\/M\">M<\/a>)<\/strong> has implemented price increases and cautioned consumers about <em>potential further hikes<\/em>, signaling ongoing inflationary pressures in the retail sector due to tariffs.<\/li>\n<li><strong>OPEC&#39;s oil production<\/strong> saw a significant rise in August, <em>increasing by 400,000 barrels per day<\/em> to reach <em>28.55 million barrels per day<\/em>, indicating a recovery in global supply.<\/li>\n<li><strong>Canadian labor productivity<\/strong> experienced a notable decline in Q2, <em>falling by 1.0%<\/em> quarter-over-quarter, a steeper drop than the estimated -0.2%.<\/li>\n<\/ul>\n<h2>Fed Signals Aggressive Easing Path<\/h2>\n<p>Federal Reserve Governor Christopher Waller has emerged as a prominent voice advocating for an immediate and sustained easing of monetary policy. Waller stated on Wednesday that the Fed &quot;should cut at next meeting&quot; and that he foresees &quot;multiple cuts over next few months.&quot; He clarified that these cuts would not necessarily follow a &quot;lick-sequence&quot; of every meeting, but rather be data-dependent. This stance suggests a more proactive approach to rate reductions than previously anticipated by some market participants.<\/p>\n<p>The prospect of multiple rate cuts, as suggested by Waller, could put the <em>U.S. dollar under pressure<\/em>, according to a recent poll. Waller has also expressed a desire to &quot;get ahead of having labor market go down,&quot; indicating a preemptive move to support economic conditions. He expects inflation to &quot;start moving back to 2% in 6-7 months&quot; and noted that current economic data supports moving policy toward a more neutral stance, approximately 1.25 to 1.50 percentage points below the current 4.25%-4.50% range.<\/p>\n<h2>Macy&#39;s Warns of Further Price Increases<\/h2>\n<p>In corporate news, retail giant <strong>Macy&#39;s (<a href=\"\/stock\/M\">M<\/a>)<\/strong> has announced that it has already raised prices and is warning customers of <em>more price increases<\/em> to come. This move by Macy&#39;s highlights the persistent inflationary pressures impacting the retail sector, particularly those stemming from tariffs. The company&#39;s decision to implement selective price increases is a strategic response to rising costs.<\/p>\n<h2>OPEC Boosts Oil Production<\/h2>\n<p>On the commodities front, OPEC&#39;s oil production saw a notable increase in August. A recent survey revealed that the organization&#39;s output <em>rose by 400,000 barrels per day<\/em>, bringing total production to <em>28.55 million barrels per day<\/em>. This increase indicates a recovery in supply, which could have implications for global oil prices and energy markets. The production hike follows earlier decisions by OPEC+ to increase crude output, accelerating the unwinding of voluntary production cuts.<\/p>\n<h2>Canada&#39;s Labor Productivity Declines<\/h2>\n<p>Economic data from Canada showed a significant decline in labor productivity during the second quarter. Quarter-over-quarter, Canadian labor productivity <em>fell by 1.0%<\/em>, a much steeper drop than the estimated -0.2%. This performance also marks a reversal from the previous quarter&#39;s revised figure of -0.1%. The unexpected contraction in productivity could signal underlying challenges for the Canadian economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Federal Reserve Governor Christopher Waller has advocated for an interest rate cut at the next Federal Open Market 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