Fed Governor Christopher Waller said he expects to raise the central bank’s benchmark interest rate 75 basis points this month but that he’s open to a larger move depending on incoming data.
Federal Reserve Governor Christopher Waller said he’s willing to consider what would be the most aggressive interest rate hike in decades at the central bank’s meeting later this month.
Waller said he supports a 75 basis point hike at the July 26-27 meeting. But he will be watching data and keeping an open mind about what the Fed should do to control inflation.
“I support another 75-basis point increase”
Waller said in remarks at an event in Victor, Idaho
Getting prices down is the paramount mission of the Fed now, said Waller, who expects still more rate hikes even after this month’s
“I think we need to move swiftly and decisively to get inflation falling in a sustained way, and then consider what further tightening will be needed to achieve our dual mandate,”
He said
An increase in interest rates could be the main factor causing both the stock and crypto markets to “wobble”. Because then, the reduction in the supply of USD and the increase in credit interest rates will take place.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Foxy
Coincu News
UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…
a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
Willemstad, Curaçao, 4th November 2024, Chainwire
London, UK, 4th November 2024, Chainwire
This website uses cookies.