- Fed will raise rates at Dec. 8-9 meeting.
- Waller: consider half-point increase if core prices rose 0.3% in October (they did).
Core CPI rose 3.7% annualized over three months through October, up from 1.6% through July. Fed Governor Waller said a half-point hike should be considered. Dallas Fed's Logan hinted at faster pace. 2-year yield jumped 0.18pp to 4.725%.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.