As Crypto Market Sees Smaller Rate Hikes From December, Major Banks Warn ‘Slower Doesn’t Mean Lower’

Lee Hardman, currency analyst at MUFG Bank, said in Tuesday’s client note, “If the Fed does slow the pace of hikes in December, it does not necessarily mean as well that the total amount of tightening delivered in the current tightening cycle will be less, although that will be the initial assumption.”