it's that they're not fleeing even after this: christopher waller, a voting member of the federal reserve and he's a decider with rate increases said at a speech in germany around noon eastern time he supports another "significant rate hike in two weeks". here's why. >> i welcome promising news about inflation. i don't yet see convincing evidence that it is moving meaningfully and persistently down along a trajectory to reach a 2% target. i expect getting inflation to fall meaningfully and persistently along the 2% target will require increases in the target range for the federal funds range till early next year. liz: he's hunting for signs that inflation is calming down. he doesn't see them yet. our fed tea leaf reader edward lawrence said that's the longest time frame he's heard from any fed member about rate increasess and how long they'd go on. in jackson hole, the meeting about a week ago everybody edward spoke with said rate hikes this year and didn't mention anything about next year. waller's comment is attention grabbing and the markets, we have inter-days here and they're polling

. >> fed governor christopher waller indicated support for the third consecutive 75 point rate hike thismeeting. his comments come after similar remarks from jay powell and vice chair lael brainard. >>> the u.s. federal reserve is likely to raise interest rates by another 75 basis points according to the cme group the probability increased 990%. those are just extraordinary numbers to think most of the market is around 75 basis point move a course of participants and low chance of 50 the other thing is data incoming this week. the markets will digest cpi numbers. what difference it will make to the markets and expectations if we get a higher number than anticipated or weaker number >> it feels the 75 is baked in it is set in stone that really will happen. if that is the case and inflation comes out softer than anticipated. does that change trajectory? does that change things or create the wait and see moment that the fed wants to get into as you see the yields are looking toward very interesting what happens with that inflation read later this week. we'll get a sense of where to go from

governor christopher waller says there's no evidence that inflation is moving meaningfully and persistentlyard the fed's 2% target and he sees another significant rate hike in september. in a separate speech, kansas city president esther george says the economic constraints pushing inflation are likely to be with us for some time and that the case for continued balance sheet reduction and rate hikes remains clear, but our next guest says the fed needs to chill, man sooner rather than later in a new cnbc op ed. he makes his case, you know, ron insana, senior analyst for cnbc and senior adviser for schroeder's north america, he has more titles than king charles. ron insana, good to have you with us. >> thank you >> you think inflation is peaking and about to cool dramatically why do you say that and how do you filter what esther george and waller say to the contrary >> one, i think there's an extraordinary popular delusion, tyler, that we have entrenched inflation. if you look at every metric at the moment and it's possible next week we will see a negative cpi print given the bilge drop that

it's that they're not fleeing even after this: christopher waller, a voting member of the federal reserveern time he supports another "significant rate hike in two weeks". here's why. >> i welcome promising news about inflation. i don't yet see convincing evidence that it is moving meaningfully and persistently down along a trajectory to reach a 2% target.

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