Slower US Inflation Keeps Fed Governor Waller's Half-Point December Rate Hike Possible
(2 hours ago) · 1 source · Summarized by CryptoBipto
Recent US inflation data came in lower than expected, keeping Federal Reserve Governor Christopher Waller's previously discussed possibility of a half-point interest rate hike in December on the table. The slower inflation reading has influenced market expectations about the Fed's next monetary policy decision. The situation remains fluid as additional economic data will be released before the December meeting.
WHY IT MATTERS
The Federal Reserve is the central bank of the United States, and one of its main tools is setting interest rates — essentially the cost of borrowing money.
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SOURCES
- cryptoslate.com
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