BREAKING: Fed’s Christopher Waller backs a December rate HIKE up to 50 basis points. Waller says he leans toward a 25bp rate hike even if October inflation comes in LOWER than expected. If inflation is HIGHER than forecasts, he says a 50bps hike “should be considered.” Core CPI, due today, is expected to rise 0.2% month over month, down from September’s 0.3%. Odds of a December hike are now at 97.4%, the highest since the last FOMC meeting.