🚨 Fed rate-hike expectations heat up again!
Current market pricing shows the probability of another 25-basis-point hike in October is about 56%.
After the first hike, the market performance was relatively steady, and tech stocks and risk assets even saw a rebound.
But the real risk lies in this:
If inflation persists and oil prices remain high, and the Fed begins a series of consecutive rate hikes, liquidity pressures could once again hit the stock market and the crypto market.