Bloomberg: Fed Rate Hike May Be a One-Off, as in 1997
- —The Fed raised rates for the first time since 2023; the market expects three more hikes through the end of 2027
- —Core inflation is estimated at 2.3-2.7% versus the Fed's 2% target
- —The median forecast of 18 FOMC members points to one additional hike by year-end
- —The neutral rate estimate has risen to 3.2%, a 10-year high
Why it matters: If the hike proves to be a one-off, pressure on risk assets, including bitcoin, will ease faster than the market expects.
Source: Blockmedia