Crypto Index Tracker: Crypto Losing Battle with the Federal Reserve
- By Bilal Hafeez and Dalvir Mandara
- 3 min read
We are over halfway through August and markets are battling with the Federal Reserve (Fed). Markets are taking every attempt to moderate the number of hikes priced in, it has been boosting risk sentiment and, consequently, risk assets. Meanwhile, Fed speakers are telling them they should be doing the opposite. Most recently, Voter Esther George noted that it was ‘not time for a victory lap’, while St Louis Fed President Bullard stated his desire for a third straight 75bps hike in September, in line with Dominique’s expectations.
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