Fed governor Waller open to December rate rise

Federal Reserve Governor Christopher Waller said in a London speech that he leans toward backing a rate increase in December, and that a half-point move could be needed if inflation keeps accelerating. The remarks follow October US consumer price data showing core inflation, which excludes food and energy, rising 0.3% from the previous month. Waller described the US economy as strong and the labour market as stable. Futures pricing, as reported, still points to a quarter-point increase in December, with a half-point move seen as unlikely.