Waller Floats Half-Point Fed Hike After Hotter October Inflation Data

TLDR U.S. consumer prices rose 0.4% in October, above the 0.3% forecast. Core inflation rose 0.3%, above the 0.2% forecast. Fed Governor Christopher Waller said a half-point hike should be considered in December. Traders now see an 11.7% chance of a 50-basis-point hike. Bitcoin fell about 2% to near $73,274, and Ether dropped nearly 5%. U.S. consumer prices rose faster than expected in October. The Consumer Price Index gained 0.4% from September, according to the Bureau of Labor Statistics . Economists had forecast an increase of 0.3%. BREAKING: October CPI inflation rises +0.4% month-over-month, above expectations of +0.3%. Core CPI inflation rose +0.3%, also above expectations of +0.2%. BLS will not be releasing year-over-year figures due to the October 2025 government shutdown.

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