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Federal Reserve officials pledge to hike interest rates if inflation stays above target


Federal Reserve officials pledge to hike interest rates if inflation stays above target

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Federal Reserve minutes released Wednesday warned officials expect interest rates to rise further if inflation does not return to the Fed's 2% target after fresh data showed prices rising and markets began pricing another hike. That outlook raises downside risk for crypto markets by increasing borrowing costs, pressuring token performance and fundraising, and tightening liquidity across CEXs, DEXs and DeFi protocols, which could slow adoption and token launches.

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According to Federal Reserve minutes released on Wednesday, officials are predicting that interest rates will go higher if inflation refuses to fall back to the Fed’s 2% target, after fresh data showed prices rising again and markets started treating another hike as a real risk. As Cryptopolitan previously reported, the Fed kept its target range...
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