Fed Governor Christopher Waller Signals Possible 50bp Rate Hike in December
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View chart & analysis → - 1Fed Governor Christopher Waller said the central bank could lose credibility if it fails to meet expectations for additional rate hikes.
- 2Governor Waller suggested that a 50bp rate hike might need to be considered at the Fed's December meeting.
- 3According to CME Group, the market is pricing in a probability of over 80% for a 0.25%p rate hike in December.
So what's the key point?
Fed Governor Waller said a 0.5%p interest rate hike should be considered in December. This means the central bank may need to consider raising rates further to maintain credibility.
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