deVere: Fed to hike rates once more in December
- —The Fed raised rates to 3.75-4% for the first time in three years
- —A month ago the market priced the hike at just 36%, now above 90%
- —Oil above $100 a barrel adds to inflationary pressure
- —Fed rate projections were extended to 2029 for the first time
Why it matters: A second hike in December is not priced into the yield curve, risking a repricing of risk assets, including crypto.
Source: Bitcoin Insider