Fed’s Waller Backs December Rate Hike, Says Open to Larger Move

Federal Reserve Governor Christopher Waller signaled support for a December rate hike, warning that accelerating inflation could prompt a half‑percentage‑point increase. His remarks boosted market expectations for tighter monetary policy, causing Bitcoin to slide toward $74,000 as investors reassessed risk assets amid heightened rate‑hike bets and the Fed’s policy outlook now leans toward further tightening in the coming months.