Cleveland Fed President Wants Small, Quick Rate Moves. What It Means for Bitcoin
Cleveland Fed President Beth Hammack said that restrictive monetary policy is appropriate to return inflation to 2%. She also favors making smaller rate adjustments quickly rather than waiting and risking a larger correction later. Rate futures now point to a hike in December, and the US dollar sits near an 18-month high. Meanwhile, Bitcoin (BTC) The post Cleveland Fed President Wants Small, Quick Rate Moves. What It Means for Bitcoin appeared first on BeInCrypto.
Key Takeaways
- Cleveland Fed President Beth Hammack said that restrictive monetary policy is appropriate to return inflation to 2%.
- She also favors making smaller rate adjustments quickly rather than waiting and risking a larger correction later.
- Rate futures now point to a hike in December, and the US dollar sits near an 18-month high.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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