Wall Street expects another Fed rate hike after hawkish FOMC
- —Goldman Sachs, Morgan Stanley and four other banks revised forecasts toward tightening
- —The median forecast is one 25 bps rate hike
- —Timing is split: some expect October, others December
- —Citi, ING and SEB believe the September hike was the last
Why it matters: The prospect of additional Fed tightening weighs on risk assets, including bitcoin and the crypto market.
Source: Bloomingbit