Federal Reserve Waller has just signaled that he leans toward keeping rates unchanged at the September meeting, provided that inflation data continues to cool. He said it in a rather gentle tone, but that last line—"if inflation is still too hot, we will still support rate hikes"—planted a mine.
The market immediately got the message: the probability of a rate hike dropped from above 50% to below 49.6%. Hong Kong stock bank shares surged across the board, and the Hang Seng Index jumped more than 2.2%. Risk assets are extremely sensitive; one sentence can flip sentiment 180 degrees.
The issue is what happens after September. Waller didn’t say. $BTC has been waiting for this signal all along. The more rate-cut expectations are loosened, the smoother the logic for institutional funds’ reallocation becomes. $ETH and $SOL are catching their breath with it now, but the real breakout point still hinges on one condition that hasn’t been met yet—those who understand it are already waiting for it.
Do you think this time Waller is the real dove, or is he just feeding the market a bit of sugar?
The market immediately got the message: the probability of a rate hike dropped from above 50% to below 49.6%. Hong Kong stock bank shares surged across the board, and the Hang Seng Index jumped more than 2.2%. Risk assets are extremely sensitive; one sentence can flip sentiment 180 degrees.
The issue is what happens after September. Waller didn’t say. $BTC has been waiting for this signal all along. The more rate-cut expectations are loosened, the smoother the logic for institutional funds’ reallocation becomes. $ETH and $SOL are catching their breath with it now, but the real breakout point still hinges on one condition that hasn’t been met yet—those who understand it are already waiting for it.
Do you think this time Waller is the real dove, or is he just feeding the market a bit of sugar?