Fed officials signal another rate hike may be needed as inflation stays hot
- —August CPI rose 3.4% year-over-year; September PCE projected at 3.97%
- —The Fed hiked 25 bps in September to 3.75%–4.00%, first since July 2023
- —Odds of a single 2026 hike slipped to 7.5% from 8%
- —Probability of two 2026 hikes fell to 49% from 56% in 24 hours
Why it matters: Tighter Fed policy pressures risk assets, including bitcoin and the broader crypto market.
Source: Crypto Briefing