Economy and macroUpdated Yesterday

Waller backs a quarter-point hike, with a half-point move conditional

Waller is not backing a half-point move outright. Al Arabiya reports that he supports a 25-basis-point December increase even if October inflation improved from September. But the report says a monthly core CPI reading of around 0.3% or more could put a 50-basis-point move in play. Bloomberg separately reports Waller said inflation substantially above his expectation could call for more robust action by the FOMC. He made the remarks at the Bank of England and Its Watchers event.

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Coverage started Yesterday