Fed: Market Awaits Not Just a Rate Hike but Warsh's Dot Plot
- —A 25 bps hike to 3.50-3.75% is expected — the first since July 2023
- —TD Securities expects three hikes in the cycle: in September, October and January
- —August CPI: core inflation +0.3%, energy prices rose
- —Yields on 2- and 10-year US Treasuries signal the need for a hike
Why it matters: Warsh's hawkish rhetoric and the number of hikes in the dot plot will determine yields and risk appetite, including for bitcoin and crypto stocks.
Source: Yahoo Finance Crypto