US Fed official open to slower rate hike in December

Recent signs of easing inflation pressures and a slowing US economy could allow the central bank to dial back the pace of interest rate hikes, Federal Reserve Governor Christopher Waller said on Wednesday.

After four consecutive super-sized moves, positive developments in the latest data, “have made me more comfortable considering stepping down to a 50-basis-point hike” in December, he said in a speech.


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