After Waller's hawkish remarks, the market fully priced in a 25 basis point rate hike by the Fed in December.

November 10th, following Federal Reserve Governor Waller's remarks, the market has further increased its bets on Fed rate hikes, and has now fully priced in an expectation that the Fed will raise rates by 25 basis points in December.

Waller stated: "Even if October CPI improves compared to September, I will still support a 25 basis point rate hike in December. If the October core CPI increase is around 0.3% or higher, the Fed may need to raise rates by 50 basis points in December."