CICC: Fed Should Raise Rates in September to Preserve Policy Credibility
- —CICC: a September rate hike is the best way to preserve confidence in the Fed
- —The US Treasury term premium rose from 0.65% in July to 0.9% in August
- —The FOMC meeting will be held on Sept. 15-16
- —Key factors for the decision are nonfarm payrolls and inflation data
Why it matters: A September rate hike would increase pressure on the crypto market and risk assets, while weaker data would give the Fed reason to pause.
Source: TokenPost