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May 30, 2022 15:09 GMT
Waller Supports 50bp Hikes For ‘Several’ Meetings
FED
- Waller (voter) in prepared remarks: "I support tightening policy by another 50 basis points for several meetings. In particular, I am not taking 50 basis-point hikes off the table until I see inflation coming down closer to our 2% target."
- "By the end of this year, I support having the policy rate at a level above neutral so that it is reducing demand for products and labor, bringing it more in line with supply and thus helping rein in inflation."
- *WALLER: READY TO DO MORE IF DATA SHOW INFLATION STUBBORNLY HIGH – bbg
- It helps support the move higher in hikes implied by FOMC-dated Fed Funds futures, pricing a cumulative 100bps over the next two meetings and 136bps in Sep (+4bps from late Friday) on the way to 187bps to year-end (+5bps).
To read the full story
Close
Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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