Macro· ★★★· bullish·

Citi: Fed may not need further rate hikes

  • —Citi sees global headline inflation at 3.5% this year
  • —Inflation forecasts raised nearly 1pp since January on Brent near $105
  • —Rate expectations for 20 of 27 tracked central banks are above February levels
  • —JPMorgan expects only one more Fed hike in December
Why it matters: Softer Fed tightening expectations ease pressure on bond yields and support risk assets, including bitcoin.
Source: BeInCrypto KR