Federal Reserve governor Christopher Waller has indicated that his support for an interest rate hike later this month depends on the upcoming inflation report. The government is set to release August inflation figures on September 11. Waller's decision will be influenced by whether inflation continues to cool or accelerates.

If the report shows cooling inflation, he would be inclined to keep the benchmark interest rate unchanged. However, if inflation is high, he would consider a rate hike. Further details on Waller's remarks and their potential impact are available.

The inflation report is expected to play a significant role in determining the Fed's next move. Waller's comments suggest that a rate hike is not certain, and the decision will be based on the inflation data.