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Fed rate hike is about Wall Street, not inflation, says economist

Published Source: CoinDeskRead original

Crypto Insight Summary: Goldman Sachs late Friday became the last of the major banks to retract its forecast of no rate hike next week. Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Fed rate hike expectations increase risk-off sentiment in markets.

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Fed rate hike is about Wall Street, not inflation, says economist — Crypto Insight