Quartz·2 min read·medium
Fed's Waller puts a half-point December rate hike on the table if inflation runs hot
✦AI Summary
Federal Reserve Governor Christopher Waller indicated that a half-point interest rate hike is possible in December if inflation data remains high. However, he noted a preference for a smaller quarter-point increase if October inflation figures show improvement.
Why it matters
Fed policy decisions directly influence borrowing costs, mortgage rates, and broader economic stability in the United States.
Waller said he leans toward a quarter-point increase…
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