The crypto market is awaiting the Fed rate decision to evaluate whether the central bank is considering a hike at its September gathering. Notably, the Wall Street banks have fueled concerns, raising their forecasts for the upcoming US PCE inflation data, which has further cemented bets on a potential Fed rate hike this month.
Meanwhile, the market is already betting on a hawkish stance by the US central bank with its monetary policy plans. So, here we explore what the Wall Street banks’ predictions are on US inflation and the potential move of the US Federal Reserve.
Wall Street Banks Turn Cautious on US PCE Inflation
Wall Street banks have lifted their forecasts for August core PCE inflation, sparking discussions…
