Fed's Jefferson backed September rate hike, gave no signal on next move
- —Jefferson backed the Sept. 16 hike of 25 bps to a 3.75–4.00% range
- —Williams said a year-end hike could be appropriate, calling it his personal view
- —August PCE came in at 3.4% y/y, core at 3.0%, above the Fed's 2% goal
- —The next FOMC meeting is scheduled for Oct. 27–28
Why it matters: Fed signals on further tightening pressure risk assets, including bitcoin and the broader crypto market.
Source: TokenPost