Major Banks Expect First Fed Rate Hike in Three Years

The signal here is less about the hike itself, which markets have already absorbed, than about the political dimension the item flags as potentially outlasting it. That matters for crypto and RWA markets because rate expectations have been a primary driver of risk-asset positioning, and a shift in the Fed's trajectory tends to reprice the entire complex. The open question is whether the political fallout becomes a persistent backdrop that changes how market participants weigh policy risk, rather than a one-off event.