Breaking! Federal Reserve official signals hawkish stance late at night: consecutive rate hikes this fall, the dream of rate cuts shattered, will $BTC $ETH collapse?

Let me tell you something, last night, Goldman Sachs' second-in-command and former Dallas Fed President Kaplan dropped a nuclear bomb. He directly stated: if inflation data doesn't cool down by September, the Federal Reserve will restart rate hikes as early as fall, and it's very likely not just once, but a series of 2 to 3 consecutive rate hikes.

Market analysis points out that this statement resonates with the hawkish shift of new Fed Chair Powell. Powell in the June FOMC decision removed the forward guidance on the interest rate path, no longer mentioning "employment and inflation risks," and instead explicitly prioritized "price stability." The dot plot shows that half of the policymakers expect at least one rate hike this year. Even more aggressive, the official inflation forecast for this year’s PCE inflation was raised directly from 2.7% to 3.6%, and core PCE from 2.7% to 3.3%, while economic growth expectations were lowered to 2.2%.

Do you know what this means? The swap market pricing instantly reversed. Traders who previously thought the first rate hike would be in March 2027 now expect it as early as October this year. This is no joke. The 2-year U.S. Treasury yield, most sensitive to interest rates, hit its largest single-day increase since March, gold and precious metals markets plunged, and gold prices fell below $4,300.

Kaplan emphasized that Fed policy adjustments rarely happen in isolation; rate changes usually occur in a series of 2 to 3 actions. He said, “If action is taken in September, be prepared, there may be one or two more rate hikes.” This veteran, who served as Dallas Fed President from 2015 to 2021 and experienced the Yellen and Powell eras, carries significant weight in his warnings.

Let me give you the conclusion directly: the liquidity gate is tightening again, and risk assets are the first to be affected. $BTC and $ETH , in an environment of soaring macro interest rate expectations, have no short-term support. Those still dreaming of rate cuts, wake up. Be cautious of a series of rate hikes around National Day.

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