Swaps traders on Thursday slightly trimmed wagers that the Fed would cut rates as soon a June following Fed Governor Christopher Waller’s comments to the Economic Club of New York on Wednesday that there was no rush to lower interest rates.

READ MORE: Powell Juices Bond Market Bet on Inflation With Tilt to Jobs

"I see economic output and the labor market showing continued strength, while progress in reducing inflation has slowed," Waller said at a Wednesday evening event in New York organized by the Economic Club of New York. "Because of these signs, I see no rush in taking the step of beginning to ease monetary policy."

READ MORE: Why the Fed Is Delaying Interest-Rate Cuts: Waller

Speaking at an Economic Club of New York gathering, Waller cited recent inflation data, which “tells me that it is prudent to hold this rate at its current restrictive stance perhaps for longer than previously thought to help keep inflation on a sustainable trajectory toward 2 percent.”


READ MORE: Don’t sweat the prospect of no Fed rate cuts, economist says — markets will still march higher

The most recent economic data "tells me that it is prudent to hold this rate at its current restrictive stance perhaps for longer than previously thought to help keep inflation on a sustainable trajectory toward 2%," he said in speech at the Economic Club of New York on Wednesday night.


READ MORE: Fed's Waller says there's 'no rush' to cut U.S. interest rates

“I see economic output and the labor market showing continued strength, while progress in reducing inflation has slowed,” Waller said at a Wednesday evening event in New York organized by the Economic Club of New York. “Because of these signs, I see no rush in taking the step of beginning to ease monetary policy.”

READ MORE: Why the Fed Is Delaying Interest-Rate Cuts: Waller

"There is no rush to cut the policy rate" right now, Waller said in a speech at an Economic Club of New York gathering. Recent data "tells me that it is prudent to hold this rate at its current restrictive stance perhaps for longer than previously thought to help keep inflation on a sustainable trajectory toward 2%."

READ MORE: Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data

The most recent economic data “tells me that it is prudent to hold this rate at its current restrictive stance perhaps for longer than previously thought to help keep inflation on a sustainable trajectory toward 2%,” Waller said at the Economic Club of New York on Wednesday night, in a speech titled “There’s Still No Rush.”


READ MORE: Fed’s Waller says there’s ‘no rush’ to cut U.S. interest rates

With the Fed now weighing rate cuts, “something would really have to dramatically change on the inflation front to think about” moving the federal funds rate higher, Waller said while answering questions at an event held by the Economic Club of New York.

READ MORE: Fed's Waller says very high bar to hike rates again

After two months in operation, Eli Lilly’s launch into D2C sales with LillyDirect has been “surprisingly successful,” the company’s chairman/CEO David Ricks told an Economic Club of New York luncheon on Tuesday.


READ MORE: Lilly CEO Reflects On D2C As Amazon Joins LillyDirect Delivery

So far, selling direct has been “surprisingly successful,” Chief Executive Officer Dave Ricks said Tuesday in an interview with Bloomberg’s Caroline Hyde at the Economic Club of New York.

“Do people use it? Yes, at scale,” Ricks said. “In fact, we’re having trouble keeping up.”

READ MORE: Lilly Partners With Amazon to Sell More Weight-Loss Drugs

Lilly began LillyDirect with Form Health as a telehealth provider, and keeps Truepill as a dispensing partner, making Amazon Pharmacy its second. Lilly also uses Eversana pharmacy services for benefits verification, manufacturer savings and prescription routing.

Along with adding partners, Lilly is also considering additional treatments to add to the service. Cunningham described the success of LillyDirect as a “better than expected” launch.

In a Tuesday discussion at the Economic Club of New York, Lilly CEO David Ricks talked about the “surprising success” of LillyDirect.


READ MORE: Eli Lilly taps Amazon Pharmacy to dispense its prescription medicines

So far, selling direct has been “surprisingly successful,” Chief Executive Officer Dave Ricks said Tuesday in an interview with Bloomberg’s Caroline Hyde at the Economic Club of New York.

“Do people use it? Yes, at scale,” Ricks said. “In fact, we’re having trouble keeping up.”

READ MORE: Lilly Partners With Amazon to Sell More Weight-Loss Drugs

Eli Lilly CEO David Ricks shared his view from the pharma industry’s peak in an hourlong conversation Tuesday with the Economic Club of New York.

READ MORE: Eli Lilly CEO David Ricks talks China, AI, and pharma's next 'golden era' after obesity

Eli Lilly CEO Dave Ricks says the company is working on expanding its medicine supply as the global obesity rate increases. Speaking with Bloomberg's Caroline Hyde at the Economic Club of New York, the head of the pharma giant says that they are looking to create an oral tablet in addition to an injectable device and hopes to get them to the market quicker.


READ MORE: Eli Lilly CEO Dave Ricks

At an Economic Club of New York event in February, former Attorney General Eric Holder said that employers should focus on data-driven DEI — and making the business case therein.

READ MORE: Appeals court rejects challenge to Pfizer’s diverse fellowship pipeline

The Supreme Court’s June 2023 decision knocking down race-based university admission practices won’t necessarily scuttle corporate DEI efforts, former Attorney General Eric Holder told the Economic Club of New York last week.

READ MORE: SCOTUS affirmative action ruling leaves opening for corporate DEI, former AG Holder says

Richmond Federal Reserve Bank president Thomas Barkin speaks to the Economic Club of New York in New York City, U.S., February 8, 2024.

READ MORE: Fed’s Barkin downplays January inflation data but doesn’t call for quick rate cut

Richmond Federal Reserve President Thomas Barkin speaks to the Economic Club of New York in New York City, U.S., February 8, 2024.

READ MORE: Fed's Barkin: I still see wage, inflation pressures

John C. Williams, president and CEO of the Federal Reserve Bank of New York speaks to the Economic Club of New York in the Manhattan borough of New York, U.S., March 6, 2019.

READ MORE: Fed's Williams sees more work needed to get inflation back to 2%

After increased and intense demand for housing during the pandemic, Barkin said in a February speech to The Economic Club of New York, “the market has since cooled somewhat, but with limited supply, prices remain high. If housing supply continues to be short, that could mean further pressure on prices and rents in coming years.”

READ MORE: Shelter From the Economic Storm?