President Donald Trump said on Monday that the Iran War was "militarily effectively over," while speaking at the White House after meeting Qatar's prime minister. Trump indicated negotiations were moving positively and could bring the conflict to an end fairly soon, though he noted American forces remained ready to respond if circumstances changed. Meanwhile, Federal Reserve Governor Christopher Waller warned that if October inflation data show persistent pressure in core prices, the Fed could consider a 50-basis-point rate increase in December, rather than the standard 25-basis-point move. Waller cautioned that a smaller increase could undermine the Fed's credibility if core inflation remains stubbornly high. Separately, Kalshi traders have raised the odds of a US Treasury Bitcoin purchase this year to 13%, reflecting growing speculation that Washington could acquire additional BTC beyond its existing reserves.
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