Fed's Waller Leans Toward Hold; Stocks Climb — SkimNews
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- Fed Governor Waller indicated he could back holding rates steady at the September meeting, with Fundstrat placing the odds of a September hike at roughly 50% and trending toward zero in their view.
- Stocks climbed on September 3, 2026 in the wake of Waller's comments, according to WSJ's same-day market wrap, while Fundstrat framed the month as a contrarian bullish setup it dubbed "Sup"-tember.
Why it matters: Waller's tilt toward a hold cuts the assumed September hike probability roughly in half, and the equity market priced the shift immediately with a same-day rally. The base case for rate-sensitive sectors shifts from "will they hike?" to "how long do they hold?" — a materially different earnings-discount environment.
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