U.S. CPI rose 0.4% month over month in October, while core CPI rose 0.3%; both came in above expectations. On the day the data was released, Fed Governor Waller said a 50-basis-point hike in December might also be appropriate, shifting the discussion from whether to hike to how much.
CoinDesk reported that a December rate hike was all but certain. Waller said it might be appropriate, which sounds more like testing the waters for a larger move than having already settled on 50 basis points.
For crypto markets, the pressure isn’t about whether the Fed hikes this time, but whether the terminal rate will be pushed higher than previously expected. Other officials will weigh in before the December meeting. If no one else brings up a 50-basis-point hike, this will have been just a verbal disturbance.
#美联储 #CPI #Macro
CoinDesk reported that a December rate hike was all but certain. Waller said it might be appropriate, which sounds more like testing the waters for a larger move than having already settled on 50 basis points.
For crypto markets, the pressure isn’t about whether the Fed hikes this time, but whether the terminal rate will be pushed higher than previously expected. Other officials will weigh in before the December meeting. If no one else brings up a 50-basis-point hike, this will have been just a verbal disturbance.
#美联储 #CPI #Macro