Expert: Fed needed a 50 bps move, another hike expected in December
- —Sri-Kumar: the Fed needed a 50 bps hike, not 25 bps, to be convincing
- —Forecast: a second hike in 2026 will come in December, not October, due to elections
- —U.S. debt has exceeded $40 trillion, with a deficit of about $2 trillion a year
- —Long-term government bond yields rose even after the rate hike
Why it matters: The risk of a second rate hike in December weighs on risk assets, including crypto, through rising U.S. Treasury yields.
Source: TokenPost