Fed Governor WALLER said the Fed will need to tighten policy further, citing US
inflation that remains too high and poor September CPI data. He said he is
particularly concerned that price pressures are broadening. Even if October CPI
improves from September, he would support a 25bp hike in December; if October
core CPI rises around 0.3% MoM or higher, the Fed may need to raise rates by
50bp in December.
