Market participants stepped up their wagers on a Federal Reserve interest-rate increase prior to Tuesday’s United States inflation data release, with financial markets currently pricing in 25 basis points of monetary tightening for the December 9 meeting, which would push the benchmark target bracket to between 4.00% and 4.25%.
Federal Reserve Governor Christopher Waller amplified these anticipations by stating that he supports a December bump upwards even in the event that inflation softened during the prior month. He added that an inflation print coming in hotter than anticipated might justify a more aggressive 50-basis-point adjustment.
Both bitcoin and gold declined by slightly more than 1%, moving near $74,000 and beneath $4,100 per ounce, respectively. Meanwhile, Nasdaq 100 futures dipped slightly after Monday’s upward surge, and the dollar index held steady under the 102 level.
Originally published at https://www.coindesk.com/markets/2026/11/10/live-news-traders-price-in-fed-rate-hike-for-december-as-bitcoin-and-gold-retreat.
