Fed officials turn hawkish, October rate-hike odds rise to 64.2%
- —Hammack: inflation above target for over five years, restrictive policy still needed
- —Schmid: Fed 'has not solved' inflation, US debt level 'very extreme'
- —Williams: repeated supply shocks may keep medium-term prices elevated
- —CME: 64.2% probability of a 25bp hike in October
Why it matters: Rising rate-hike expectations pressure bitcoin and risk assets, likely increasing volatility.
Source: PANews