#USPPIMissMayEaseBTCPressure
🎯 50bp Hike Odds Cut From 15% to 10% by One Print
October's PPI missed by a tenth, and traders quickly trimmed bets on a supersized Fed hike, but not on a hike itself.
📊 CME: 25bp hike odds 89.7%; 50bp down to 10.3% from 15%
📈 PPI +6.5% y/y vs 6.6% forecast, highest since Nov 2022
⚠️ CPI +0.4% m/m, third straight month at 0.4% or more
🏦 BofA now expects hikes in Dec, Jan and March
The catch: the miss changed the size debate for Dec 9, not the direction.
By Dec 9: a 25bp hike, or do 50bp odds climb back above 20%? 👇
$BTC
#USPPIMissMayEaseBTCPressure #Fed #Bitcoin
🎯 50bp Hike Odds Cut From 15% to 10% by One Print
October's PPI missed by a tenth, and traders quickly trimmed bets on a supersized Fed hike, but not on a hike itself.
📊 CME: 25bp hike odds 89.7%; 50bp down to 10.3% from 15%
📈 PPI +6.5% y/y vs 6.6% forecast, highest since Nov 2022
⚠️ CPI +0.4% m/m, third straight month at 0.4% or more
🏦 BofA now expects hikes in Dec, Jan and March
The catch: the miss changed the size debate for Dec 9, not the direction.
By Dec 9: a 25bp hike, or do 50bp odds climb back above 20%? 👇
$BTC
#USPPIMissMayEaseBTCPressure #Fed #Bitcoin
