Waller said he may advocate for a 50-basis-point rate hike at the central bank’s December meeting, citing the current level of inflation.
Commodities Slip After Waller Signals Possible 50-Basis-Point Hike
Metals, grains and other raw materials edged lower after Federal Reserve officials’ comments raised the prospect of further interest-rate increases. The U.S. dollar tested multiyear highs against rival currencies after Fed Governor Christopher Waller said he may support a larger-than-usual move in December.
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