US Economics The Daily Update - From Waller to Warsh CITI'S TAKE Yesterday Governor Waller hawkishly said that a "hot" inflation reading today could lead to a "near-term" rate hike. Chair Warsh may decline to walk this back in congressional testimony today given his desire to give no forward guidance. But we expect a "cool" 0.19%MoM core CPI reading and see rate hikes this year as unlikely. In our base case the next Fed move is a cut. Andrew Hollenhorst AC +1-212-816-0325 andrew.hollenhorst@citi.com Veronic ...