Wall Street is placing a bet that it is almost certain the U.S. Federal Reserve (Fed) will raise interest rates at its Sept. 16 meeting.
94.5% odds of a Fed rate hike: CME FedWatch and major banks are leaning toward the scenario that the Fed nudges rates up by another 0.25% (to the 3.75%-4% range) in order to slightly rein in the August CPI level, which is hovering around 3.4%.
Bond yields hit a peak: U.S. Treasury 10-year yields surged to 5.04%, the highest level since 2007. Money is tending to seek shelter in bonds and the U.S. dollar, putting pressure on risk assets such as Bitcoin.
Bitcoin faces a challenge: $BTC fell back to around the 75,700 USD mark. An important support level at 73,200 USD is being closely watched; if this level breaks, the next potential stop levels could be 71,000 USD or 66,900 USD.
Waiting for signals from the Fed Chair: Despite pressure to cut rates from President Donald Trump, Fed Chair Kevin Warsh said the Fed remains independent. Analysts believe that much of this move has already been priced in, and what matters now is the Fed’s guidance for its next direction after the meeting.
Overall, the market is holding its breath for the final decision; the medium-term race still depends heavily on the Fed’s stance.
This article is for entertainment and news updates only, not financial advice. The money is yours—going all-in at the top or buying the dip is down to your luck/character; please don’t blame the Fed or the article!
#Bitcoin #Fed #CryptoNews #Inflation #WallStreet
94.5% odds of a Fed rate hike: CME FedWatch and major banks are leaning toward the scenario that the Fed nudges rates up by another 0.25% (to the 3.75%-4% range) in order to slightly rein in the August CPI level, which is hovering around 3.4%.
Bond yields hit a peak: U.S. Treasury 10-year yields surged to 5.04%, the highest level since 2007. Money is tending to seek shelter in bonds and the U.S. dollar, putting pressure on risk assets such as Bitcoin.
Bitcoin faces a challenge: $BTC fell back to around the 75,700 USD mark. An important support level at 73,200 USD is being closely watched; if this level breaks, the next potential stop levels could be 71,000 USD or 66,900 USD.
Waiting for signals from the Fed Chair: Despite pressure to cut rates from President Donald Trump, Fed Chair Kevin Warsh said the Fed remains independent. Analysts believe that much of this move has already been priced in, and what matters now is the Fed’s guidance for its next direction after the meeting.
Overall, the market is holding its breath for the final decision; the medium-term race still depends heavily on the Fed’s stance.
This article is for entertainment and news updates only, not financial advice. The money is yours—going all-in at the top or buying the dip is down to your luck/character; please don’t blame the Fed or the article!
#Bitcoin #Fed #CryptoNews #Inflation #WallStreet