Federal Reserve governor Christopher Waller said the Fed needs to take back at least its three previous precautionary rate cuts.
Waller says Fed needs to take back at least its last three precautionary cuts
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The story so far: December Fed rate hike odds
Fed Governor Waller said he would back a 25bp December hike even if October CPI improves, and 50bp if core CPI is about 0.3% or more. Waller said the Fed needs to take back at least its last three precautionary cuts, but is not super hawkish and will not raise rates by 150 or 200bp.
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Waller says Fed needs to take back at least its last three precautionary cuts
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