The Fed now needs at least two more hikes, and Dallas Fed President Logan says they may come faster than planned. ⚠️
MarketFlux reports Dallas Fed President Lorie Logan said in prepared remarks that the Fed clearly needs at least two more quarter point increases, and that it may be possible to move more rapidly this winter than the Federal Open Market Committee had thought through the fall. 📰 That comes after October CPI printed hot at 0.4 percent against a 0.3 percent forecast, with core CPI at 0.3 percent against 0.2 percent expected, and CME FedWatch now puts a December hike at 85 percent, with a 15 percent chance of a half point move. My reading is that the hawkish turn is now coming from inside the Fed, not just from the data, which makes every inflation print from here a live event for crypto, because a central bank that is openly talking about moving faster is a central bank the market cannot ignore.
If the Fed hikes twice more this winter, does Bitcoin break 70,000 dollars, or has the market already priced it in? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #RateHike
MarketFlux reports Dallas Fed President Lorie Logan said in prepared remarks that the Fed clearly needs at least two more quarter point increases, and that it may be possible to move more rapidly this winter than the Federal Open Market Committee had thought through the fall. 📰 That comes after October CPI printed hot at 0.4 percent against a 0.3 percent forecast, with core CPI at 0.3 percent against 0.2 percent expected, and CME FedWatch now puts a December hike at 85 percent, with a 15 percent chance of a half point move. My reading is that the hawkish turn is now coming from inside the Fed, not just from the data, which makes every inflation print from here a live event for crypto, because a central bank that is openly talking about moving faster is a central bank the market cannot ignore.
If the Fed hikes twice more this winter, does Bitcoin break 70,000 dollars, or has the market already priced it in? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #RateHike
