BNY's Velis: Fed to hold in October, December hike may be the last of the cycle
- —Velis sees a hold on Oct. 27-28 and a hike on Dec. 8-9
- —Implied policy rate path through December 2027 has eased from peak hawkish levels
- —Velis attributes inflation mainly to supply factors rather than demand
- —September 15-16 minutes floated further hikes but gave no timing
Why it matters: If December proves to be the final hike, market rate expectations could reprice lower, supporting risk assets including bitcoin.
Source: TokenPost