Fed's Waller leans toward December hike ahead of CPI
Fed Governor Waller signalled a likely December rate increase, with 50 bps possible if inflation data disappoints. US CPI is due at 08:30 EST today.
What we know
Fed governor Waller said he is leaning toward a December hike even if CPI improves, and that 50 bps should be on the table if it does not, according to a Fed reporter. Market news accounts report he said the minimum is reversing the three 'insurance cuts', but that rates won't be raised 150-200 bps. Today's CPI release is scheduled for 08:30 EST. One trader suggests a CPI-driven drop could be a buying opportunity.
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“Waller said he's leaning toward supporting a December rate increase”
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View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.