Gundlach: Fed should have hiked by 0.5 pp, inflation risk underestimated
- —The Fed raised rates by 0.25 pp to 3.75–4.00%, the first hike since July 2023
- —Gundlach: a 0.5 pp move was needed under the 'stun and done' strategy
- —The 10-year Treasury yield rose 2.9 bps to 5.025%
- —The 2-year yield rose 7.7 bps to 3.868%
Why it matters: The signal of potentially more aggressive Fed tightening weighs on risk assets, including bitcoin and the crypto market.
Source: Blockmedia