WS #14682
New York Fed President John Williams explicitly stated that another interest rate hike by year-end is reasonable, citing persistent inflation challenges despite economic resilience. This hawkish pivot has immediately impacted risk assets, with Bitcoin falling below $85,000 and silver dropping near $63.60 as markets repricing duration risk. The signal contradicts earlier expectations of a pause, reinforcing the Fed's commitment to bringing inflation down even at the cost of economic slowdown.
Fed Hawkish Pivot and Macro Repricing
New York Fed President John Williams explicitly stated that another interest rate hike by year-end is reasonable, citing persistent inflation challenges despite economic resilience. This hawkish pivot has immediately impacted risk assets, with Bitcoin falling below $85,000 and silver dropping near $63.60 as markets repricing duration risk. The signal contradicts earlier expectations of a pause, reinforcing the Fed's commitment to bringing inflation down even at the cost of economic slowdown.