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

U.S. consumer prices rose 0.4% in October, above forecasts, and core inflation rose 0.3%. Fed Governor Christopher Waller suggested a half-point rate hike in December. Traders now see an 11.7% chance of a 50-basis-point hike. Bitcoin fell 2% to near $73,274; Ether dropped nearly 5%.