Federal Reserve Vice Chair Philip Jefferson signaled policymakers may pause rate hikes, with markets cutting October hike odds to 25%. Bitcoin could benefit if lower rate expectations pull Treasury yields down from above 5%, though Jefferson maintains inflation risks remain elevated.
Federal Reserve Vice Chair Philip Jefferson said on October 1 that while inflation remains elevated and entrenched risks persist, more time may be needed before deciding on another rate hike. He emphasized that future policy decisions should depend on incoming data and economic outlook analysis, noting that solid economic activity and labor markets are balanced against rising energy prices, AI investment booms, and tariffs affecting the economy.
Federal Reserve Vice Chairman Philip Jefferson warned that inflation remains elevated but urged caution on rate decisions, saying the Fed needs more time to assess economic data before determining the appropriate monetary policy stance. While some Fed officials favor further rate increases, Jefferson and New York Fed President John Williams are signaling patience, suggesting the central bank may wait until December before raising rates again.
Federal Reserve Vice Chair Philip Jefferson signaled the Fed may need more time before raising rates again, causing market odds for an October hike to fall to 23% from 70% the previous week. Jefferson cited rising bond yields and the need for more economic data, while Goldman Sachs moved its forecast for the next rate increase to December.
DogeOS launched a public testnet enabling decentralized finance applications on Dogecoin, including lending and trading services, though currently relying on selected operators rather than miners. The platform aims to give DOGE utility beyond payments and speculation, with plans to eventually have Dogecoin miners verify application transactions through a proposed protocol upgrade.
DogeOS, the application layer for Dogecoin, launched a public testnet introducing EVM-compatible smart contracts as a zero-knowledge rollup with DOGE as the native fee token. The platform aims to support trading, lending, stablecoins, prediction markets, and gaming, with future upgrades enabling Dogecoin miners to verify execution proofs directly.