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Fed's Waller: Further Policy Tightening Will Be Needed; Half-Point Rate Hike May Be Needed In December If October Core CPI Inflation Comes In Around 0.3% Or Higher

UTC

Published 2 times on the wire; the identical copies are folded into this page.

  • Would Support Quarter-Point Rate Hike In December Even If October CPI Improves Versus September- US Inflation Is Too High; September Inflation Data Were Bad- Was Willing To Wait On Policy Tightening In October; What Matters Is Promised Hikes Are Delivered In Reasonable Period Of Time- Particularly Concerned About Breadth Of Price Increases- Suspects GDP Growth Is Backing Off In Current Quarter, But Output Will Continue To Grow At Solid Pace- Fed Staff Analyses Suggest More Producer Price Increases Ahead And Potential For Energy Price Shock To Be More Persistent- Labour Market Solid, Supply And Demand Roughly In Balance, Employment Close To Fed's Goal- Unclear If Labour Market Is As Healthy As Unemployment Rate Suggests; Dynamism And Productivity Growth Questions Need More Research
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