Fed officials signal more rate hikes likely after hot CPI print
- —Daly: further rate hikes are likely, but there is no need to rush
- —Core inflation remains stubborn, with high risk of staying above the 2% target
- —Goolsbee: AI investment boom could raise the risk of overheating
- —Markets calmed after an initial sharp reaction to the CPI data
Why it matters: Fresh Fed signals of more rate hikes reinforce pressure on bitcoin and risk assets, raising the odds of further sell-offs.
Source: Bithub