Fed’s Waller leans toward a rate hike in December
Fed Governor Christopher Waller said today (Nov. 10) in a speech in London:
• He is inclined to support a 25-basis-point rate hike at the December meeting, even if October inflation data comes in softer than expected
• If inflation is higher than forecast, he said a 50-basis-point hike “should be considered,” as raising rates by only 25 basis points could undermine the Fed’s credibility
Markets:
• According to CME FedWatch, markets are pricing in an over 80% chance of a 25-basis-point hike in December
• The U.S. October CPI will be released at 8:30 p.m. tonight (Vietnam time)
Source: CNBC, First Squawk, Frederik Ducrozet, Reuters
This post is for informational purposes only and is not investment advice.
#Fed #CPI #InterestRates
Fed Governor Christopher Waller said today (Nov. 10) in a speech in London:
• He is inclined to support a 25-basis-point rate hike at the December meeting, even if October inflation data comes in softer than expected
• If inflation is higher than forecast, he said a 50-basis-point hike “should be considered,” as raising rates by only 25 basis points could undermine the Fed’s credibility
Markets:
• According to CME FedWatch, markets are pricing in an over 80% chance of a 25-basis-point hike in December
• The U.S. October CPI will be released at 8:30 p.m. tonight (Vietnam time)
Source: CNBC, First Squawk, Frederik Ducrozet, Reuters
This post is for informational purposes only and is not investment advice.
#Fed #CPI #InterestRates