A 50 point Fed hike is now on the table, and that was unthinkable a week ago. ⚠️
CME FedWatch data cited by CoinDesk and TradingView puts the chance of a quarter point hike at the 9 December meeting at 85 percent, with a 15 percent chance of a half point move, up from odds that had the Fed staying on hold only last week. 📰 Fed Governor Christopher Waller said in London that if core CPI came in around 0.3 percent or higher, a 50 basis point hike should be considered, and core CPI did come in at 0.3 percent, while the 10 year Treasury yield jumped to 4.99 percent and the 2 year to 4.736 percent. My reading is that the surprise now runs the other way, because a hike is almost fully priced in, so a soft PPI on Friday could force a fast repricing while another hot number only confirms what traders already expect.
If the Fed hikes by 50 points in December, does Bitcoin break 70,000 dollars, or has the market already priced it in? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #RateHike
CME FedWatch data cited by CoinDesk and TradingView puts the chance of a quarter point hike at the 9 December meeting at 85 percent, with a 15 percent chance of a half point move, up from odds that had the Fed staying on hold only last week. 📰 Fed Governor Christopher Waller said in London that if core CPI came in around 0.3 percent or higher, a 50 basis point hike should be considered, and core CPI did come in at 0.3 percent, while the 10 year Treasury yield jumped to 4.99 percent and the 2 year to 4.736 percent. My reading is that the surprise now runs the other way, because a hike is almost fully priced in, so a soft PPI on Friday could force a fast repricing while another hot number only confirms what traders already expect.
If the Fed hikes by 50 points in December, does Bitcoin break 70,000 dollars, or has the market already priced it in? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #RateHike
