Fed’s Powell Set to Remove Punch Bowl That Lubricated Crypto Party

“Our assumption is that the updraft in commodity prices will diminish into mid-year, and base effects will finally allow an emerging downtrend in the year-over-year inflation metrics,” Englund told CoinDesk in an email. “This should diminish pressure on the Fed to address inflation, and should allow for quarter-point hikes at just every other meeting, leaving five hikes for 2022 overall (in March, May, June, September and December).”