Ed Yardeni supports 50 basis point Fed rate hike in December
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View chart & analysis → - 1Ed Yardeni stated that a 50 basis point rate hike by the Fed in December is justified.
- 2The US Bureau of Labor Statistics announced that October consumer inflation rose by 0.4%.
- 3Fed Governor Christopher Waller mentioned the Core CPI growth rate of 0.3% for the third consecutive month and said a 50 basis point hike should be considered at the December meeting.
So what's the key point?
Opinions have emerged that raising interest rates by 0.5 percent is appropriate due to rising prices. Investors should watch closely as interest rates may increase further.
Source Benzinga Prediction Markets · View original ↗
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