Federal Reserve Governor Waller signals a likely interest rate hike in December
Federal Reserve Governor Christopher Waller suggested a larger-than-usual half-percentage-point increase could be warranted in December if October pricing dynamics are similar to last month. He also stated he is leaning toward supporting a 25 basis point increase at the December FOMC meeting. Waller noted a 50 basis point hike should be considered if inflation continues to accelerate.
- Federal Reserve Governor Christopher Waller suggests a larger-than-usual half-percentage-point increase could be warranted in December.
- Waller suggested a 50 basis point hike in the policy rate should be considered if October pricing dynamics are similar to last month's.
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