Citadel bets on a Fed rate hike Wednesday as bitcoin analysts call a hold. Someone will be wrong.
CoinDesk·
60-second summary
Citadel's macro team is betting on a Fed rate hike on Wednesday, viewing it as a strategic move by Chairman Jerome Powell to make a surprise rate hike count before the market becomes desensitized to future increases. Analysts are divided, with some calling for a hold, setting up a potential showdown between the two perspectives.
Citadel's macro team says Wednesday's hike isn't about the data. It's about Warsh's best shot at making a surprise actually count before the market stops being surprised.