Fed Governor Waller Backs December Hike, Leaves Door Open to 50 Bps
United States
Ann Saphir/Reuters
What Happened
What Happened
Timeline
December 9, 2025
Markets repriced; assets fell: Following Waller's remarks, markets sharply repriced the odds of a 25-basis-point December hike (rising from 76.3% to 96.3% per CME FedWatch) and risk assets reacted — Bitcoin fell toward about $74,080 and US stock futures declined.
December 9, 2025
Waller signals December options: Fed Governor Christopher Waller said the Fed needs to follow through on expected hikes and said he was 'leaning toward' a December increase, adding a 50 basis-point hike should be considered if inflation comes in higher than forecast while warning that a mere 25 basis points could risk credibility.
December 8, 2025
October CPI release scheduled: The Bureau of Labor Statistics was set to release the October consumer price index on Dec. 8, 2025, with month-on-month CPI expected to be about 0.3%; the 2025 US government shutdown limited the release to month-on-month statistics and markets were pricing in a better-than-80% chance of a December quarter-point hike.
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Timeline
December 9, 2025
Markets repriced; assets fell: Following Waller's remarks, markets sharply repriced the odds of a 25-basis-point December hike (rising from 76.3% to 96.3% per CME FedWatch) and risk assets reacted — Bitcoin fell toward about $74,080 and US stock futures declined.
December 9, 2025
Waller signals December options: Fed Governor Christopher Waller said the Fed needs to follow through on expected hikes and said he was 'leaning toward' a December increase, adding a 50 basis-point hike should be considered if inflation comes in higher than forecast while warning that a mere 25 basis points could risk credibility.
December 8, 2025
October CPI release scheduled: The Bureau of Labor Statistics was set to release the October consumer price index on Dec. 8, 2025, with month-on-month CPI expected to be about 0.3%; the 2025 US government shutdown limited the release to month-on-month statistics and markets were pricing in a better-than-80% chance of a December quarter-point hike.
