Fed’s Waller puts half-point rate hike into the mix for December
Federal Reserve Gov. Chris Waller on Tuesday put the possibility of a half-point rate hike into the mix, depending how hot the consumer price data for October comes in.
Federal Reserve Governor Christopher Waller stated on Tuesday that he supports an interest-rate hike in December. According to Bloomberg, Waller warned that if inflation continues to accelerate, he would support a half-percentage-point increase to protect the central bank's credibility.
Investing.com reports that Waller would support a 25 basis point increase at the December meeting even if government data shows inflation cooled last month. However, he noted that if core consumer prices rise 0.3% or more from September, a stronger move should be considered, such as a 50 basis point hike. MarketWatch adds that the decision depends on how the October consumer price data comes in.
Brief written by urgent.news from MarketWatch, Investing.com, CNBC World, CNBC, Bloomberg — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- Fed Governor Waller sees December hike likely, opens door to possible half-point increase cnbc.com
