Rate Hike Bets Shift as Fed Pauses, ECB and BOJ Move, and Trade Talks Stall

Federal Reserve Governor Christopher Waller said Thursday that next week's August inflation report will determine whether he supports a rate hike later this month. If inflation continues to cool, he'd lean toward holding steady; if it comes in hot, he'd consider a hike. This shift in tone, alongside other officials, throws the September meeting into question after Chair Kevin Warsh's hawkish speech last week.

ECB Expected to Hike for Second...