Fed’s Waller floats half-point December rate hike if inflation stays elevated, FT reports

According to the Financial Times, Fed Governor Christopher Waller said a half-point December rate hike should be considered if monthly core inflation stayed at 0.3%. October figures released after his remarks showed that same pace. A quarter-point increase remained the market’s main expectation, with futures traders pricing an 11% chance of the larger move, the FT reported.