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🏦 The Fed's vice chair just pushed back on an October hike
Markets had October pricing as high as 70% in futures. John Williams says there's "no need for urgency"
His base case: one more hike "may be appropriate late this year" $BTC
That's a notable gap between what futures are pricing and what the FOMC's vice chair is signaling
If the data cooperates, the hawkish repricing could fade. If it doesn't, Williams' own words — "time and the totality of the data will tell"
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