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Waller says he will back a 25bp hike next month, 50bp if needed

NewsFeeds update

Federal Reserve Governor Waller said further tightening is needed, calling US inflation too high and September data terrible. He said he would still back a 25-basis-point December hike even if October CPI improves, and that core CPI of about 0.3% or more could require 50 basis points.

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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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  1. Waller says he will back a 25bp hike next month, 50bp if needed

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