(Reuters) – Christopher Waller, one of the governors of the U.S. Federal Reserve (Fed), said on Thursday he supported a further 75 basis point interest rate hike for the time being at the central bank’s scheduled meeting. at the end of the month, but that it would lean towards a bigger hike if new data shows that demand does not slow down.
The Fed “is now, and must be, totally focused on getting inflation down toward our 2% target,” he said in a prepared statement ahead of the Rocky Mountain Economic Summit.
Inflation in the United States, calculated on the basis of consumer prices, jumped in June to 9.1% year on year, a level not seen since 1981, while producer prices rose on Thursday stronger than expected in June, at 11.3% on an annual basis.
The shock caused by Wednesday’s sharp rise in consumer prices has led many investors to anticipate a 100 basis point hike in Fed rates on July 27, the date of the end of the two-day monetary policy meeting. of the US central bank.
In the bond market, the ten-year Treasuries yield reduced its gains to 2.9836% and the two-year one to 3.22% after Christopher Waller’s statements.
(Report Ann Saphir; French version Claude Chendjou, edited by Sophie Louet)
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