Nick Timiraos is viewed as having good connections into the Federal Reserve. He has, in the past, communicated policy messaging during a 'blackout' period, for example. He is emphasising the remark earlier from Federal Reserve Board Governor Christopher Waller that the September Federal Open Market Committee (FOMC) policy meeting is live for a potential rate hike:Chris Waller says the June rate "skip" wasn't at all about lags. September is live. But if the next two CPI readings "look like the last two, the data would suggest maybe stopping."

Source: Wall Street Journal July 14, 2023 14:53 UTC