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Fed Governor Waller sees December hike likely, opens door to possible half-point increase
Waller said a 50-basis-point move is possible if core inflation stays hot, as traders priced a 90.5% chance of a quarter-point hike.
- Federal Reserve Governor Christopher Waller on Tuesday backed a 25-basis-point rate hike at the December 9 meeting, warning that failing to follow through on expected increases would risk the central bank's credibility.
- October's consumer price index rose 0.4%, exceeding the 0.3% forecast and prompting officials to debate the pace of adjustments needed to reach the central bank's 2% inflation target.
- Markets immediately repriced the probability of a quarter-point December hike to 96.3%, while Bitcoin fell toward $74,080 and U.S. stock futures declined as investors adjusted portfolios.
- Dallas Fed President Lorie Logan indicated additional tightening may be necessary, signaling the Federal Reserve could accelerate its policy pace if incoming economic data confirms persistent inflation.
- Stubborn inflation could necessitate further rate increases into 2027 if energy costs and high-tech prices remain elevated, looming large over the critical Dec. 8-9 meeting.
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FED PANIC: FOMC Statement Drops as Inflation Nightmare Returns — Jumbo Rate Hike Fears Explode
The Federal Reserve issued its FOMC statement Wednesday as bond markets reel from a hot inflation print and Chicago Fed President Austan Goolsbee calls the October CPI report 'borderline disturbing,' fueling fears of a half-point rate hike.
Clarin+2 Reposted by 2 other sources
Inflation in the US continues to rise, affecting various sectors beyond energy, which could lead the Fed to raise interest rates.Feed officials suggest rapid increases in rates, while underlying inflation persists, complicating the economic situation for consumers.
·Buenos Aires, Argentina
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Total News Sources151
Leaning Left6Leaning Right24Center30Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
C 50%
R 40%
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