Fed Governor Waller leans toward December rate hike and open to half-point move
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Federal Reserve Governor Christopher Waller said Tuesday in London that he is leaning toward a December interest rate increase even if October inflation is softer than expected. If readings beat forecasts, he said a 50 basis-point hike should be considered; hiking only 25 basis points could put Fed credibility at risk. He said markets already expect more hikes and the Fed must follow through, though not necessarily at consecutive meetings.
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