Fed’s Waller Casts Doubt on September Hike: What It Means for Bitcoin

• Waller supports pausing rate hikes if August inflation nears the Fed’s 2% goal.
• Waller urges patience, saying one rate hike won’t quickly bring inflation to 2%. 
• Bitcoin’s immediate reaction depends on shifting rate expectations, not the rate itself.

Fed Governor Christopher Waller is pushing back on the idea that a September rate hike is a done deal.

Waller said he’s okay with keeping rates unchanged if August inflation data keeps heading in the right direction toward the Fed’s 2% target. However, he also kept the option of a hike on the table if inflation comes in hotter than expected.

During the central bank meeting, he specifically stated: “Give disinflation a chance. We can wait one meeting. What’s the cost of waiting one meeting? Hiking 25 basis points, one meeting right now, is not going to bring the CPI down to 2%.”

Waller’s comments matter…

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