U.S. CPI rose 0.4% month over month in October, while core CPI rose 0.3%—both above forecasts (0.3% and 0.2%). Core CPI came in right at the 0.3% threshold Waller mentioned as a condition for the Fed to raise rates by 50 basis points in December. U.S. Treasury yields surged: the 10-year yield rose 9 basis points to 4.95%, and the 2-year yield rose 16.5 basis points to 4.72%. $BTC $ETH #fed #cpiwatch