Strategist Soloway: Fed to hike 25 bps in September, up to 50 bps by December
- —Soloway expects a 25 bps rate hike in September
- —He sees a total increase of 50 bps by December
- —Oil above $100 and diesel above $6 are fueling inflation
- —A 10-year Treasury yield at 5% could mark a turning point
Why it matters: Expectations of Fed rate hikes increase pressure on risk assets, including bitcoin and the crypto market.
Source: TokenPost