Fed governor Waller backs December rate hike, floats larger move
Federal Reserve Governor Christopher Waller, speaking Tuesday, signaled his stance ahead of the central bank's December policy meeting.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Federal Reserve Governor Christopher Waller said on Tuesday that he supports a 25-basis-point interest rate hike at the Fed's December meeting. He said a larger 50-basis-point increase could be considered if October inflation remains elevated. The move depends on how hot the consumer price data for October comes in.
Why it matters
Waller is worried about elevated inflation, and his comments raise the possibility of the largest rate rise since 2022.
Timeline
- Nov 10, 4:00 AM ET: Waller said policymakers should weigh a 50-basis-point move if US inflation fails to slow
- Nov 10, 5:41 AM ET: Waller signaled support for a 25-basis-point hike at the December FOMC meeting, with 50 basis points possible if October inflation stays elevated
Coverage
- Fed Governor Christopher Waller Just Said 21 Words That Could Challenge the Stock Market Through Year End (fool.com)
- Investors boost odds of half-point Fed hike as core CPI rise meets Waller's bar (Lufkin Daily News)
- Fed Governor Christopher J. Waller favors 25 bps rate hike in December; 50 bps may be needed if inflation persists (aninews.in)
- Fed’s Waller puts half-point rate hike into the mix for December (marketwatch.com)
- Top Federal Reserve official considers largest rate rise since 2022 (Financial Times)
- Fed officials weigh bigger December rate hike after hot inflation data
- Odds of a half-point Fed hike rise after hot inflation data
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