Dollar and Treasury Yields Rise After Waller Backs December Rate Increase
The dollar and Treasury yields rose after Fed Governor Christopher Waller said he would support a rate increase in December. He said more robust action may be warranted if inflation is substantially higher than he expects.
Story updates
10:02:45 AM UTC
SquawkNews
By Nick TimiraosFederal Reserve governor Christopher Waller said he is leaning toward supporting a quarter-point interest-rate increase next month, even if today's inflation report shows improvement.He signaled that if the data push him off that plan, it would be toward a larger move rather than no…
10:19:06 AM UTC
SquawkNews
By Emese BarthaTreasury yields moved higher Tuesday after comments from Federal Reserve governor Christopher Waller boosted market expectations for an interest-rate hike in December.Waller said he would support raising interest rates by 25 basis points in December."However, if inflation comes in su…
0954 GMT - The dollar turns higher while Treasury yields rise after Federal Reserve governor Christopher Waller said he would support raising interest rates by 25 basis points in December. "However, if inflation comes in substantially higher than I expect, more robust action by the FOMC may be call…