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Snowflake reported Q2 EPS of $0.62 versus $0.45 expected and revenue of $1.55 billion versus $1.48 billion expected, while raising FY27 product revenue guidance to $6.07 billion from $5.84 billion.
Stocks rose and bond yields fell after Fed Governor Waller said he is willing to keep rates steady if price pressures ease. He cited signs of disinflation in recent data.
Fed Governor Christopher Waller said he is inclined to hold the policy rate steady at the Fed’s September 15-16 meeting if August inflation progress continues. If it comes in hot, he would consider a September rate hike.
Yen surged 1.7% versus the dollar as yields eased from multi-year highs. Fed’s Waller said he sees signs of disinflation; traders weigh intervention risk.
Fed's Waller: Finally seeing some signs of disinflation in recent data.