Macro· ★★★★· bearish· October 15, 17:10

Goolsbee warns Fed may tighten further if inflation stays high

—Goolsbee called the September CPI report disappointing, especially services inflation
—CME FedWatch shows a 70.7% probability of a Fed pause on Oct. 27–28
—A 25 bps December hike is priced at 64.6%, a 50 bps move at 25%
—Goolsbee said more data is needed to confirm the inflation trend

Why it matters: A persistently hawkish Fed weighs on bitcoin and risk assets, raising the odds of another liquidation wave.