Central Banks
Fed Hawk Waller Joins Other Officials Open to Half-Point Rate Hike
- Leaves door open to a ‘sequence’ of 50 basis-point moves
- Daly says rates peaking in a 4.75-5.25% range is reasonable
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Federal Reserve officials backed expectations they will moderate interest-rate increases to 50 basis points next month, while stressing the need to keep hiking into 2023.
In a speech on Wednesday, Governor Christopher Waller said his final decision on the size of the appropriate move next month will hinge on data. He also left the door open to a sequence of half percentage-point increases if needed to curb high inflation.