Fed’s Waller: don’t want to ‘overdo’ rate hikes

Federal Reserve governor Christopher Waller said on Thursday that the uglier-than-expected inflation readings for June showing prices rose 9.1% anchored his expectation for a 75-basis-point rate hike, not the 100-basis point rate hike that traders currently expect. “You don’t want to, really, overdo the rate hikes,” Waller said at the Rocky Mountain economic summit…
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