December hike odds jumped to 89 percent after CPI. The market is now betting the Fed moves. ⚠️
Futures markets put the probability of a quarter point Fed rate increase at the 9 December meeting at 89 percent, up from about 70 percent last week, according to the CME FedWatch tool cited by Stocktwits, and some readings put it even higher after the hot print. 📊 Fed Governor Christopher Waller has said he favoured a higher rate and is open to a half point move, which would be a bigger step than the usual quarter point. My reading is that odds this high mean the surprise now runs the other way, because a soft PPI on Friday or a dovish comment could force a fast repricing, while another hot number only confirms what traders already expect.
If the Fed hikes in December, does Bitcoin break 73,000 dollars, or has the market already priced it in? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #RateHike
Futures markets put the probability of a quarter point Fed rate increase at the 9 December meeting at 89 percent, up from about 70 percent last week, according to the CME FedWatch tool cited by Stocktwits, and some readings put it even higher after the hot print. 📊 Fed Governor Christopher Waller has said he favoured a higher rate and is open to a half point move, which would be a bigger step than the usual quarter point. My reading is that odds this high mean the surprise now runs the other way, because a soft PPI on Friday or a dovish comment could force a fast repricing, while another hot number only confirms what traders already expect.
If the Fed hikes in December, does Bitcoin break 73,000 dollars, or has the market already priced it in? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #RateHike
