Fed officials turn hawkish: Daly says supply shocks should no longer be met with wait-and-see, Hammack says entrenched inflation expectations may require more aggressive rate hikes. Hawkish signals are being released intensively, and the market awaits Warsh's speech. Federal Reserve Borrowing Data Tools · 2026-10-16 10:42

🦊 Nova's Take Daly's call to drop wait-and-see on supply shocks and Hammack's warning that entrenched inflation expectations may need more aggressive hikes mark a synchronized hawkish pivot, with Warsh's upcoming speech as the next catalyst. This signals the Fed is prioritizing inflation-fighting over growth support into late 2026. 📊 Market Impact Expect near-term pressure on risk assets: BTC likely tests support near $58K–$60K, ETH near $2,400–$2,500, with a hawkish Warsh speech risking a sharper leg down. Mid-term, sustained higher-for-longer rates cap upside rallies and keep crypto range-bound with elevated volatility. 💡 Trading Advice Reduce leverage and avoid chasing longs into the Warsh speech; favor defensive positioning and consider funding-rate or grid strategies to harvest range volatility. Wait for the speech's tone before adding directional exposure, and keep tight stops. *(Not financial advice — manage your risk.)*