๐๏ธ Fed hiked โ the move nobody felt
Wednesday 2PM โ Warsh delivered the first rate hike since 2023. (cite index="16-1">Rates moved from 3.50%โ3.75% to 3.75%โ4.00%. And
$BTC barely moved. Why? Because as we explained in our article during the week โ when a move is priced in at 92%, the event itself carries almost zero new information. The hike was the most telegraphed decision of the year. What the market actually watched was Warsh's press conference โ and his tone confirmed what Jackson Hole already said. Inflation first. No cuts in sight. December hike probability stays at 70%+. ๐ง
๐๏ธ Fed hiked: +25bps โ rates now 3.75%โ4.00%
๐ Probability priced in: 92% before decision
๐
$BTC reaction: minimal โ priced in weeks ago
๐จ December hike probability: 70%+ โ not done hiking
โ ๏ธ Warsh tone: hawkish, inflation focus confirmed
#dyor #RateHike #fedhiked