Hwatai Securities: need for an October Fed hike is fading, December is the base case
- —The Fed raised rates by 0.25 percentage points to 3.75-4.00%, the first increase since 2023
- —The market is pricing in a greater than 50% probability of an October hike
- —Hwatai Securities: weak fiscal support and expensive oil will reduce the need for an October hike
- —The base case is another hike in December
Why it matters: The Fed's rate path drives pressure on Bitcoin and risk assets; a pause in October could give the market some relief.
Source: TokenPost