Up until last week, economists predicted a 50 basis point rate increase, as happened in May. But a U.S. government report Friday showed the consumer price index, which tracks inflation, rose to a new high of 8.6% instead of an expected slowdown. Now, the central bank is entertaining the possibility of accelerating its rate hikes, according to the Wall Street Journal.
Source: https://www.coindesk.com/markets/2022/06/14/bond-traders-raise-bets-for-fed-rate-hike-adding-to-btc-pressure/?utm_medium=referral&utm_source=rss&utm_campaign=headlines