Deutsche Bank expects 75 bps of Fed tightening over seven months
- —Deutsche Bank expects +25 bps in September and December, totaling 75 bps over 7 months
- —US core CPI for August: +0.29% m/m, above market forecasts
- —Probability of a rate hike has risen to 87–94%
- —Fed Chair Warsh called the 2% inflation target 'firm and fixed'
Why it matters: Fed tightening raises yields and pressure on risk assets, including bitcoin and the crypto market.
Source: Crypto Briefing