US Federal Reserve member Christopher Waller said that cutting rates quickly is not possible at the present time.
Christopher Waller indicated that the Fed could cut interest rates in 2024 if inflation does not rebound and rise again.
Waller did not set a date for the reduction, but stressed that it would be a process surrounded by extreme caution and the adoption of scientific methods.
The markets received Waller's statements with some hesitation, as expectations for a rate cut in March fell from 70% levels to less than 60% at the present time.
This helped the dollar index rise by 0.97% to exceed the level of 103.147 against a basket of foreign currencies, and also contributed to the decline in the price of gold (Spot) by 1.38% to $2026.57 per ounce.
US Treasury bond yields have also risen strongly at the present time, as 10-year Treasury bond yields rose by 3.23% to record 4.076% now, and two-year Treasury bond yields also rose by 2.63% to 4.247%.
The American market also witnessed a violent decline, as the S&P 500 index fell by 0.52%, the Nasdaq by 0.48%, and the Dow Jones by 0.74%.
