Fed Governor Waller: Will Support a 25-Basis-Point Rate Hike Next Month, 50 Basis Points if Needed

TechFlow News, Nov. 10: Fed Governor Waller recently said: “The Fed will need to tighten policy further. U.S. inflation remains too high, and September inflation data was poor. I am particularly concerned that price increases are becoming more broad-based. Even if October CPI improves from September, I will still support a 25-basis-point rate hike in December. If October core CPI rises by around 0.3% or more, the Fed may need to hike by 50 basis points in December.” (Jin10)

Source: TechFlow