Citi: Fed to hike this week in a 'calibration,' not a new cycle
- —Citi expects a Fed rate hike this week
- —It would be the first hike in nearly two years after the easing cycle
- —Citi does not expect prolonged tightening, only a 'calibration'
Why it matters: A Fed rate hike would increase pressure on risk assets, including Bitcoin and the crypto market.
Source: Seeking Alpha Crypto