Fed’s Chris Waller Backs December Rate Hike Over Inflation Concerns
Federal Reserve Governor Chris Waller said he would support a Fed rate hike at the December FOMC meeting, regardless of whether upcoming inflation data shows improvement. He also raised the possibility of supporting a 50-basis-points (bps) hike if the inflation data comes in hotter than expected. Ad Ad Chris Waller To…
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Federal Reserve
The central bank of the United States, which sets US interest rates and supervises banks.
Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.
More about Federal ReserveInflation
The rate at which the general level of prices for goods and services rises over time, usually measured over twelve months.
When prices rise faster than wages, households can buy less with the same income, and central banks may raise interest rates in response.
More about InflationMore in Economy
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