Major financial firms expect a Fed rate hike: what does it mean for bitcoin?
🤔🤔🤔
Bitcoin could face tighter financial conditions after the release of new inflation data in the United States.
🧐🧐
✔️16 out of 20 major financial firms expect a Fed rate hike in September.
✔️The Fed’s decision could add a macro factor that affects BTC’s recovery.
U.S. inflation has once again put pressure on the Federal Reserve (Fed).
🧐🧐
The Consumer Price Index (CPI) rose 0.4% in August and accumulated a year-over-year variation of 3.4%, while the core CPI advanced 0.3% month-over-month and 2.4% year-over-year.
🧐🧐
The data reinforced expectations that the Fed will raise interest rates at its September 15–16 meeting. A Wall Street Journal table, as of September 11, shows that 16 out of 20 institutions expect a rate hike this month.
🧐🧐🧐
Nick Timiraos, chief economics correspondent at The Wall Street Journal,🗞️ highlighted that, beyond the large majority that now expects a rate hike, what matters is the change in stance of some of the firms.😉
#FinanzasRegenerativas
#Finance
$SOL
$USDC
$ZEC
#US10YearTreasuryYieldNears5%
🤔🤔🤔
Bitcoin could face tighter financial conditions after the release of new inflation data in the United States.
🧐🧐
✔️16 out of 20 major financial firms expect a Fed rate hike in September.
✔️The Fed’s decision could add a macro factor that affects BTC’s recovery.
U.S. inflation has once again put pressure on the Federal Reserve (Fed).
🧐🧐
The Consumer Price Index (CPI) rose 0.4% in August and accumulated a year-over-year variation of 3.4%, while the core CPI advanced 0.3% month-over-month and 2.4% year-over-year.
🧐🧐
The data reinforced expectations that the Fed will raise interest rates at its September 15–16 meeting. A Wall Street Journal table, as of September 11, shows that 16 out of 20 institutions expect a rate hike this month.
🧐🧐🧐
Nick Timiraos, chief economics correspondent at The Wall Street Journal,🗞️ highlighted that, beyond the large majority that now expects a rate hike, what matters is the change in stance of some of the firms.😉
#FinanzasRegenerativas
#Finance
$SOL
$USDC
$ZEC
#US10YearTreasuryYieldNears5%
