Jerome Powell said nothing about the economy during his Stanford speech and that was enough to steady markets. With the
#Fed in blackout mode, his silence kept expectations intact and helped
$BTC bounce 2% back above $87K.
Meanwhile,
#FedRate cut odds remain locked at 87%, driven not by Powell but by ugly new economic data.
Weak Data = Higher Cut Odds:
• ISM Manufacturing PMI: 48.2 → 9th straight month of contraction
• Factory orders down, prices rising
• Tariffs squeezing production
Markets now see this as clear evidence the Fed must ease. And with dove Kevin Hassett rumored as a future Fed Chair option, the “rate cut” narrative is only getting louder.
All eyes on December 10.
#CPIWatch #Write2Earn