Fed may opt for 0.5% hike

Federal Reserve Governor Christopher Waller said he could support a 50-basis-point rate hike in December if inflation data show that price pressures remain persistent. He warned that failing to meet market expectations for further increases could damage the central bank’s credibility. Markets are awaiting October’s Consumer Price Index data. They assign more than an 80% chance to a quarter-point hike and have all but ruled out a half-point increase. This follows a 0.6% monthly and 3.7% annual rise in the index in September.

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