Worsh’s remarks just now: Inflation hasn’t fallen enough yet. If the next data disappoints, the Fed may have to raise rates.
So the market has started to reprice a September rate hike, with the probability rising from roughly 35% previously to 50%–60%.
The yield on the 2-year US Treasury has risen noticeably, the US dollar has strengthened, and gold has fallen.
I think it’s a bit early to price in a rate hike. Most likely, rates will be kept unchanged.
$BTC
So the market has started to reprice a September rate hike, with the probability rising from roughly 35% previously to 50%–60%.
The yield on the 2-year US Treasury has risen noticeably, the US dollar has strengthened, and gold has fallen.
I think it’s a bit early to price in a rate hike. Most likely, rates will be kept unchanged.
$BTC