Fed's Schmid backed rate hike, says inflation trend above 3%
- —Schmid voted for a Fed rate hike
- —The inflation trend exceeds 3%
- —Price growth covers a broad range of goods and services
- —The economy and labor market look resilient outside inflation
Why it matters: Hawkish Fed rhetoric increases the risk of further rate hikes, weighing on liquidity and the crypto market.
Source: PANews