US Federal Reserve open to 50-bp hike at December policy meeting

"It is way too early to conclude that inflation is headed sustainably down," Christopher Waller, US Federal Reserve Governor

US Federal Reserve Governor Christopher Waller said he is now “more comfortable” with smaller rate increases going forward, though how high rates ultimately need to go depends on how decisively inflation slows.
 

Waller said he will not make a final decision about what to do at the Fed's December 13-14 policy meeting until the rest of the data between now and then is reviewed
 

He acknowledged the most recent reports were a “positive development” that he hoped would be “the beginning of a meaningful and persistent decline in inflation” back to the Fed’s 2 per cent target. Waller said that