Fed’s Christopher Waller opens door to 50-basis-point December rate hike after hot CPI
Federal Reserve Governor Christopher Waller's remarks intensified the debate over a possible half-percentage-point interest-rate increase in December after US inflation data came in hotter than expected on Tuesday,…
Attributed summary
Federal Reserve Governor Christopher Waller's remarks intensified the debate over a possible half-percentage-point interest-rate increase in December after US inflation data came in hotter than expected on Tuesday, Bloomberg reported.In a speech delivered in London before the release of October’s Consumer Price Index, Waller said he was inclined to support a rate increase in December. He warned that a 50-basis-point move might be necessary if inflation continued to accelerate, arguing…
Storywire publishes attributed summaries for discoverability. Full reporting remains with the original publisher — we do not republish restricted full text.
