"Fed Whisperer": A December rate hike is almost a foregone conclusion, with focus shifted to the pace of hikes.

BlockBeats news, November 11 - Nick Timiraos, chief economics reporter for The Wall Street Journal and known as the "Fed whisperer," wrote in his latest article that after the third consecutive stronger-than-expected inflation report, a Fed rate hike in December is almost a foregone conclusion. The real question is how fast the pace will be: whether to continue raising rates by 25 basis points at each meeting, implement a one-time 50 basis point hike, or signal consecutive multiple 25 basis point increases.

Nick Timiraos stated that a rate hike at the December 8-9 policy meeting is almost certain, and the bigger question is how quickly the central bank will act, and whether this remains a moderate adjustment of two to three more hikes envisioned by many officials, or the beginning of a longer campaign to suppress the economy and bring down inflation. Fed Governor Waller, who supported holding steady last week, said before yesterday's data release that if October core prices rose about 0.3% month-over-month, a 50 basis point hike should be considered in December, and the day's data恰好 matched this scenario. Dallas Fed President Logan also hinted after the data release that given current inflation pressures, it may be necessary to accelerate the pace of rate hikes. Such tactical choices are often decided by the Fed Chair.