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Societe Generale now expects the Fed to deliver three 25bp hikes — at the September and December FOMC meetings this year and again in March next year — after Chair Kevin Warsh struck a hawkish tone at Jackson Hole, according to a client note from US chief economist Yan Groen cited by Business Insider on the 2nd. If that path gains traction, front-end UST yields and the dollar reprice higher, tightening liquidity for long-duration risk assets and pressuring BTC/ETH beta alongside the NASDAQ. The confirmation test is whether upcoming US inflation and labor data validate a hiking bias, since a single hawkish speech alone is not enough to shift the consensus that still leans toward cuts or an extended hold.
As a Macro signal, watch whether it changes price action, volatility, or flows around BTC, IXIC, KRW=X.
Original Source: 연합인포맥스
This page is market information analysis, not investment advice.
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