Cleveland Fed President Wants Small, Quick Rate Moves. What It Means for Bitcoin
BTC when published $83,576Now $80,586 ▼ −3.58% since it was published
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)
First reported by BeInCrypto. This page is a short excerpt; the full text is theirs.
