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Fed Governor Waller sees December hike likely, opens door to possible half-point increase
- Christopher Waller said he expects to support a 0.25-percentage-point rate increase at the Federal Open Market Committee’s December meeting, even if October inflation improves.
- Waller said the Federal Reserve should consider a 0.5-percentage-point increase if October inflation remains as high as September’s.
- Waller said inflation remains too high and that monetary policy must return it to the Federal Reserve’s 2% medium-term target.
- Financial markets reflected an approximately 85% chance of a December rate increase.
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15 Articles
15 Articles
One of the Fed officials strengthens on Tuesday the "falcons" camp by saying that he wants to raise interest rates by at least one step in December.
·Montreal, Canada
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Fed's Waller Backs December Rate Hike, Says Open to Larger Move
·New York, United States
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The US central bank must stick to its previously announced interest rate hikes or risk its own credibility, Federal Reserve (Fed) Governor Christopher Waller warned on Tuesday. According to the decision-maker, a larger-than-usual 50 basis point tightening in December may be warranted if economic data warrants it, CNBC reports.
·Budapest, Hungary
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Total News Sources15
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
Factuality
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