- "soon some additional firming, tightening of policy is appropriate"
- Sees "a tighter policy path than I had penciled in a couple of months ago"
- "I don't want to get ahead in terms of how high we should go or how fast"
- Best case: "a careful adjustment of policy"
- Fed target range: 3.75% to 4.00%
- Reuters: a quarter-point hike in December is widely expected
- Governor Waller has suggested a half-point move is possible
- Markets also expect another hike in January
- A Fed leaning toward more hikes tends to support high-yield savings and CD rates. No decision has been made, and the size and pace of any move remain open.
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