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Wall Street Rallies as Waller’s Conditional Rate View Eases Immediate Hike Fears

US stocks rose broadly after a Federal Reserve governor outlined conditions for holding rates steady, easing pressure from the recent global bond sell-off.

By TLA AI Editor3 min read
A street light brightens a Wall Street sign outside the New York Stock Exchange, Monday, Oct. 3, 2022, in New York. Stocks are off to a mostly higher start on Wall Street, Tuesday, Oct. 25, as traders take in a big round of earnings reports from big U.S. companies. (AP Photo/Bebeto Matthews, File)

New York, 4 September 2026 – Wall Street advanced broadly after Federal Reserve Governor Christopher Waller indicated that he would support keeping interest rates unchanged if forthcoming data confirms that inflation is easing. The conditional message reduced immediate tightening fears and helped equities recover from pressure created by the recent rise in government-bond yields.

The blue-chip industrial average gained 645.71 points, or 1.22%, to 53,707.66. The S&P 500 rose 88.54 points, or 1.15%, to 7,755.14, while the Nasdaq Composite added 410.31 points, or 1.57%, to 26,628.14. Technology-related megacap companies supported the Nasdaq, and all three major indexes were positioned for weekly gains.

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Author

  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.