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#HammackBacksHike Cleveland Fed's Hammack was one of three dissenting votes in July pushing for a hike when the rest held. Markets are split near 50 50 on hold vs 25bp hike for September 16. That's usually rare going into a meeting there's a clearer consensus. This is exactly why PPI and CPI carry more weight than usual this cycle. If Hammack's camp gains ground into the data, don't be surprised if today's kind of risk-off tone BTC -1.5%becomes the theme of the week rather than the exception.