- Analytics
- News and Tools
- Market News
- Fed’s Waller: Strong case for 50-bps March rate hike if incoming data exceedingly hot
Fed’s Waller: Strong case for 50-bps March rate hike if incoming data exceedingly hot
Federal Reserve (Fed) Governor Christopher Waller said on Friday, he still believes a 50-basis points (bps) March rate hike is a possibility if the economic data comes in stronger.
Key quotes
'Strong case' for half-point hike in March if incoming data indicates economy still exceedingly hot.
Need 'concerted action' to rein in inflation.
US rates should be increased a full percentage point by middle of this year.
In wake of Ukraine attack, it's possible a more modest tightening is appropriate.
Fed should start trimming balance sheet no later than at July meeting.
Caps on balance sheet runoff should be large.
Do not see the need for asset sales anytime soon; MBS sales could be considered down the road.
Would support having no caps on MBS redemptions.
I believe we have met fed's maximum employment goal.
'Far too high' inflation is 'alarming,' Fed needs to 'act promptly'.
Expect the US economy to continue expanding at healthy rate.
Supply bottlenecks, labor shortages to diminish later this year.
Hopeful that with appropriate monetary policy, inflation will come down significantly by year end.
Market reaction
The US dollar is attempting a minor bounce on the hawkish comments from the Fed Governor while gold price is capping its renewed upside to trade at $1,908, as of writing.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
