Federal Reserve rate announcement, after its 8–9 December meeting

The Federal Reserve meets on 8 and 9 December. It raised rates in September, its first rise in three years, and paused in October.

October prices rose 0.4% in the month, faster than expected, which made a December rise more likely. Governor Christopher Waller backs a 25 basis point rise and said 50 basis points should be considered if core inflation stays at or above 0.3% a month.