Economics
Fed’s Waller Backs 75 Basis-Point Rate Hike, Says Bigger Move Hangs on Data
- Official says he’s watching retail sales, housing figures
- Traders pare bets on 100 basis-point move after comments
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Federal Reserve Governor Christopher Waller backed raising rates by 75 basis points this month after a hot inflation report, prompting investors to pull back bets officials would hike by 100 basis points, though he said he could go bigger if warranted by the data.
“With the CPI data in hand, I support another 75 basis-point increase,” Waller said Thursday in remarks to a Global Interdependence Center event in Victor, Idaho.