Fed's Waller Backs 50 Basis Point December Hike if Core CPI Reaches 0.3%

Federal Reserve Governor Waller said he could support a 50 basis point rate hike in December if October core CPI rises 0.3% or more. He would back a 25 basis point increase if inflation improves from September. After his remarks, market odds of a December hike reached 99%. Investors now await the U.S. CPI report for further clues on policy.