Macro· ★★★★· bearish·

St. Louis Fed's Musalem: inflation still high, more rate hikes may be needed

  • —Musalem said further rate hikes may be needed to return inflation to 2%
  • —He called the U.S. economy solid, with demand and supply shocks keeping prices elevated
  • —Businesses are more concerned about inflation than about the labor market
Why it matters: Hawkish Fed signals tighten liquidity conditions and weigh on risk assets, including bitcoin and altcoins.
Source: Bloomingbit
More on this
Macro · Sep 25
Fed officials signal another rate hike may be needed as inflation stays hot
 Macro · Oct 3
Fed's Goolsbee: need evidence inflation is returning to 2%, rate hike still on the table
 Macro · Sep 18
BlackRock: Fed rate hike may not curb inflation in energy, healthcare and education