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Fed urges aggressive hike
Federal Reserve Governor Christopher Waller called for an interest-rate hike in December, warning that failing to deliver the increases markets expect could damage the central bank’s credibility. He said he might support a larger-than-usual, 50-basis-point increase if inflation data came in above estimates. Markets see a more than 80% chance of a 25-basis-point hike, and currently do not expect a 50-basis-point increase.
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