US stocks rebound, bond yields fall after Waller signals rate hold

Kaohoon·4 Sep 2026·

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3▲1 ▼3Impact / 5

Macro Digital Finance Digital Finance EFFR.MM ▼US-10Y.GB ▼

BTC ▲USDJPY.FOREX ▼

Summary · why it matters

US stock markets rose while US Treasury yields declined after Federal Reserve Governor Christopher Waller indicated he would support holding interest rates steady if economic data continue to show easing price pressures. The next decision will be influenced by August inflation data, due out next week. His remarks reduced expectations of a September rate hike and boosted risk assets, with the S&P 500 up about 1%, the dollar weakening, and Bitcoin rising above $80,000. The yen strengthened. Investors are now focused on the upcoming US inflation report for August, which could set the direction for monetary policy and global financial markets.

Effective Federal Funds Rate ▼United States Government Bond 10Y ▼

Bitcoin ▲US Dollar/Japanese Yen FX Spot Rate ▼

Impact on assets 4

Others▼ · 2 stocks

％Effective Federal Funds Rate

▼ NegativeMonetaryrelevance

Waller's support for holding rates steady reduces expectations of a rate hike, implying lower policy rate path.

％United States Government Bond 10Y

▼ NegativeMonetaryrelevance

Reduced rate hike expectations lead to lower bond yields.

Others± Mixed · 2 stocks

▲ PositiveMonetaryrelevance

Waller's signal of rate hold reduces tightening expectations, boosting risk assets including Bitcoin.

💱US Dollar/Japanese Yen FX Spot Rate

▼ NegativeMonetaryrelevance

Dollar weakens and yen strengthens on reduced rate hike expectations.