Wild Card

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The prices paid to U.S. producers posted a record 10% annual rise in November, revealing that inflationary pressures will likely continue into 2022. On the back of this, investors are bracing themselves for a dramatic policy switch by the U.S. Federal Reserve as the Fed seeks to pave the way for the first interest rate hike in 2022. The fear of an overaggressive policy switch may force investors into a risk-off mode that would, in turn, throw the crypto market into a month-long turmoil.