Fed's Jefferson and Kashkari Float Further Rate Hikes
- —Jefferson: inflation has stayed high for an extended period, risk of it becoming permanent remains
- —Kashkari: rates may need to go beyond current expectations if growth stays unusually strong
- —Kashkari has no strong view on a hike at the October meeting
- —Treasury yields rose across all maturities after the September meeting
Why it matters: Hawkish Fed signals keep Treasury yields elevated, pressuring bitcoin and risk assets.
Source: Cryptonews.net