Updated

Fed Governor Waller said he is leaning toward a rate increase at the December meeting and could support a half-point hike depending on inflation data. The remarks were made in a speech on the economic outlook and labor market dynamism delivered in London. CNBC reported the comments in its top news coverage, and the Federal Reserve published the speech text the same morning. Waller's support for a larger move is conditional on incoming inflation readings, and the speech did not set a formal policy decision.