Fed's Barkin warns of entrenched inflation risk
- —Barkin: supply shocks may persist and entrench high inflation
- —Fed hiked rates 25 bps to 3.75–4.00%, the first increase in three years
- —Median Fed projections point to one more hike this year
- —Collins backed the hike and called for one additional move in 2025
Why it matters: A hawkish Fed signal pressures risk assets, including bitcoin, as the prospect of further rate hikes caps appetite for crypto.
Source: Bloomingbit