Waller: Inflation approaching 5-1/2 years above target risks expectations

Fed Governor Christopher Waller expressed concern that high inflation, now approaching 5-1/2 years above the central bank's target, could destabilize inflation expectations. The remark contrasts with Treasury Secretary Bessent's recent comment that core inflation is approaching the Fed's target. Waller's statement suggests ongoing hawkish sentiment within the Fed. 102 clean stories shaped this window, with sentiment leaning bearish at 44/100. Also in focus: Broadcom seeks over $50 billion in financing for OpenAI's custom AI chip.