A post by @FirstSquawk on X.
FED’S WALLER WARNED A HALF-POINT RATE HIKE IN DECEMBER MAY BE NECESSARY, FOLLOWED BY FED’S LOGAN, WHO SUPPORTED AT LEAST TWO MORE QUARTER-POINT HIKES AND SAID THEY MAY BE REQUIRED AT A FASTER RATE THAN OFFICIALS HAVE MOVED THIS FALL
@FirstSquawk on X
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Fed Governor Christopher Waller said a half-point rate hike in December may be necessary, while Dallas Fed President Lorie Logan backed at least two more quarter-point increases and said they may need to come faster than officials have moved this fall. The remarks signal that policymakers are not yet ready to slow the pace of tightening even after several aggressive moves this autumn. Traders will watch the December meeting for whether the Fed delivers 50 basis points or steps down to a smaller increase.
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Named in this story
Federal Reserve, Christopher Waller, Lorie Logan