According to CoinMeta, economist Seiji Katsurahata pointed out that the market's risk expectations for the Federal Reserve to raise interest rates by 50 basis points in December are overly exaggerated. Stronger-than-expected U.S. inflation data sparked speculation about rate hikes, but he believes such expectations have gone too far. In the short term, U.S. Treasury yields are under upward pressure, which could strengthen the dollar and limit the gains in the U.S. stock market. However, as market expectations eventually stabilize at a 25-basis-point rate hike, short-term U.S. Treasury yields should return to normal, and the upside potential for the dollar may be limited.