Rate hike expectations suddenly jumped to the limit! The market is really starting to feel tense this time.⚠️
The latest inflation data from the U.S. continues to heat up: August PPI year-over-year rose to 5.4%, CPI year-over-year came in at 3.4%, and core CPI month-over-month increased by 0.3%. As soon as the numbers came out, the interest-rate market quickly recalibrated, and the probability of the Fed raising rates next week has been pushed up to around 90%.
In plain terms, inflation hasn’t been coming down in an orderly fashion, and the Fed may have to keep pressing the brake again. This week, the three major U.S. stock indexes also pulled back from their highs. For risk assets like BTC and ETH, what really needs attention is how market capital will move once rate-hike expectations are realized.
**Macroeconomics sets the direction; sentiment determines short-term volatility.** Next, the Fed’s moves are worth keeping a close eye on—follow me, and I’ll use plain language to help you understand the crypto market opportunities behind macro changes.$BTC #美国10年期国债收益率逼近5%