Fed's Williams signals another rate hike as October bets surge
- —Williams: another rate hike by year-end seems "reasonable"
- —October hike odds jump to 77.5% from 53% days earlier
- —Fed raised rates to 3.75–4%; 16 of 18 officials see one more hike
- —10-year Treasury yield hits 5.058%, highest since 2007
Why it matters: Rising rates and Treasury yields pressure bitcoin and risk assets by boosting the appeal of the dollar.
Source: Invezz