Fed's Waller set a 0.3% test for a half-point hike. October's core CPI hit it
Fed Governor Christopher Waller said a 25 basis point hike in December could hurt the Fed's credibility if core inflation stayed near 0.3%. Hours later, October's core reading came in at 0.3%.
US growth hits 3.4%, PCE inflation hits 3.6%: why neither helps crypto
At 8:30 a.m. ET on October 29, the government said the US economy grew at a 3.4% annual rate in the third quarter and the Fed's preferred inflation gauge rose 3.6% in a year. For crypto traders hoping for cheaper money, both numbers point the wrong way.
Two Fed officials voted for a hike and lost 10 to 2. Is December next?
The Fed held rates at 3.75% to 4% on October 28, but Lisa Cook and Beth Hammack wanted a quarter-point rise. With September inflation at 3.7%, the December meeting is now the one to watch.
The Fed hiked for the first time since 2023. Why did bitcoin barely flinch at $76,000?
A unanimous quarter-point hike on September 16 took the US policy rate to 3.75% to 4%, and 16 of 18 officials penciled in more. Bitcoin closed the day at $76,147, up about 1% in two days.