Fed Governor Waller Expects 0.75 Percentage Point Hike, But Open to a Larger One
Retail sales data will be released Friday and is expected to reflect a spending increase of 0.9% in June, a month when the CPI rose 1.1%. The figures are not adjusted for inflation.
"If I see the incoming data the next two weeks coming in and showing me that demand is still really strong and robust, then I'm going to lean into a higher rate hike," Waller said. Getting prices down is the paramount mission of the Fed now, said Waller, who expects still more rate hikes even after this month's.
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