Fed’s Waller says he’s open to a half-point rate hike at December meeting

Federal Reserve Governor Christopher Waller said Wednesday he’s open to reducing the level of interest rate increases soon so long as the economic data cooperate. The rate-setting Federal Open Market Committee is set to meet Dec. 13-14, with market expectations running high that policymakers will approve another rate hike, but this time opting for a 0.5 percentage point, or 50 basis point move. That would come after approving four consecutive 0.75 percentage point increases.
Source: Economy