Fed signals possible rate hikes as dollar rallies, Bitcoin slides
- —Barr: inflation won't return to 2% on time without policy adjustment
- —Barr: core PCE hit the 2% target in only two of the past 20 months
- —Barr expects US growth to accelerate above 2%
- —Goolsbee: US corporate margins stay high but are shrinking
Why it matters: Hawkish Fed signals strengthen the dollar and weigh on Bitcoin, raising the risk of a deeper crypto market correction.
Source: Bithub