Federal Reserve Governor Christopher Waller said Wednesday he’s open to reducing the level of interest rate increases soon so long as the economic data cooperate. The rate-setting Federal Open Market Committee is set to meet Dec. 13-14, with market expectations running high that policymakers will approve another rate hike, but this time opting for a 0.5 percentage point, or 50 basis point move. That would come after approving four consecutive 0.75 percentage point increases.
Source: Economy
