Waller Backs December Hike as Bitcoin Slips Toward $74K

Federal Reserve Governor Christopher Waller said a half-point rate increase should be considered if monthly core CPI remains around 0.3% or higher, reinforcing expectations for a December hike as Bitcoin slipped toward $74,000. Kalshi traders raised their bets on a December increase following the comments. The signal matters because tighter policy expectations are weighing on risk assets, with bitcoin’s move toward $74K reflecting that pressure. Watch the next core CPI print and Kalshi’s December odds for confirmation of whether a larger hike gains traction.