Markets have started re-pricing interest rates after Kevin Warsh’s speech 🦅
Before the speech, the chances of holding rates steady in September were around 71%; now they’ve fallen to about 50%.
Meanwhile, the odds of raising them by 25 basis points increased from 30% to about 49%.
This shows that Warsh’s hawkish tone didn’t go unnoticed.
As for crypto, this is not a comfortable environment. If the market continues to price in tightness, pressure on $BTC and on altcoins may continue.
$SOL $ETH
Before the speech, the chances of holding rates steady in September were around 71%; now they’ve fallen to about 50%.
Meanwhile, the odds of raising them by 25 basis points increased from 30% to about 49%.
This shows that Warsh’s hawkish tone didn’t go unnoticed.
As for crypto, this is not a comfortable environment. If the market continues to price in tightness, pressure on $BTC and on altcoins may continue.
$SOL $ETH
