Dudley: Fed's 0.25 pp rate hike is too little
- —Dudley: the Fed should have acted more aggressively against inflation
- —Dudley forecasts two 0.25 pp hikes by year-end
- —US core inflation in August: +0.3% m/m
- —Dudley urged the Fed to rely on data, not the futures curve
Why it matters: A longer tightening cycle weighs on risk assets including bitcoin, but boosts revenues for stablecoin issuers.
Source: Crypto Briefing