Fed rate hike bets rise ahead of June CPI data, Warsh hearing
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2 outlets - including Blockchainreporter and Cryptobriefing - are covering this story. Bitcoin fell by more than 2% alongside major altcoins as traders lifted expectations of a July Fed rate hike ahead of a closely watched U.S. inflation.
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Bitcoin Slips as Traders Boost July Fed Rate Hike Bets Ahead of CPI Data
Bitcoin fell by more than 2% alongside major altcoins as traders lifted expectations of a July Fed rate hike ahead of a closely watched U.S. inflation.
Fed rate hike bets rise ahead of June CPI data, Warsh hearing
Rising rate hike expectations could tighten financial conditions, impacting borrowing costs and economic growth amid inflation concerns.