The Fed can raise interest rates by 50 basis points at once. In December - Waller.
A member of the Fed's board of governors, Christopher Waller, said he would support a 50 basis point rate hike if core inflation (core index) for October is 0.3% m/m or more.
Even if inflation slows compared to September, Waller is ready to support an increase of 25 basis points. According to him, inflation in the United States remains too high, and the price increase affects too wide a range of goods and services.
Waller also warned of the possibility of further increases in producer prices and a longer-lasting effect of the energy shock. At the same time, he assesses the labor market as relatively stable, despite signs of an economic slowdown.
After his statements, the probability in the market of a Fed rate hike in December rose to 96%.