• A string of “hot” data may force the U.S. central bank to raise rates higher than the 5.1%-5.4% range projected by the majority of Federal Reserve policymakers as recently as December, Fed Governor Christopher Waller said on Thursday.
• Recent economic data showing an “excessively” strong labor market, robust consumer demand and stubbornly persistent price pressures calls into question the extent of progress the U.S. central bank has made on its inflation fight, Waller said.