AdvertisementThe Inflation Numbers Behind the WarningThe annual inflation rate dropped to 3.5% in June 2026. What a Rate Hike Would Mean for CryptoCook’s comments specifically flagged high-risk investments as an area that would feel the impact of tighter policy. But when a sitting Fed governor says publicly she’s prepared to support a hike, it shifts the conversation. Cook said: “If I do not see signs of continued disinflation soon, I am prepared to act,” signaling she’d support a rate hike if inflation doesn’t keep falling. How does a Fed rate hike affect cryptocurrency markets?