$BNB
TOday’S FED MEETING COULD BE THE MOST IMPORTANT ONE IN YEARS
The Fed is expected to hike rates today for the first time in more than three years.
But the bigger question is what comes next.
The Fed is walking into this meeting with:
US 10Y, 20Y and 30Y yields near 19-year highs.
Oil above $103.
Mortgage rates above 7%.
CPI at 3.4%.
PPI at 5.4%.
The problem is that there may be no easy outcome.
A hawkish Fed could push yields and borrowing costs even higher, putting more pressure on the economy and risk assets.
A dovish Fed could also send yields higher if markets interpret it as the Fed falling further behind the inflation curve.
Either way, today's FOMC meeting could bring serious volatility across markets.
And Bitcoin won’t be immune.
TOday’S FED MEETING COULD BE THE MOST IMPORTANT ONE IN YEARS
The Fed is expected to hike rates today for the first time in more than three years.
But the bigger question is what comes next.
The Fed is walking into this meeting with:
US 10Y, 20Y and 30Y yields near 19-year highs.
Oil above $103.
Mortgage rates above 7%.
CPI at 3.4%.
PPI at 5.4%.
The problem is that there may be no easy outcome.
A hawkish Fed could push yields and borrowing costs even higher, putting more pressure on the economy and risk assets.
A dovish Fed could also send yields higher if markets interpret it as the Fed falling further behind the inflation curve.
Either way, today's FOMC meeting could bring serious volatility across markets.
And Bitcoin won’t be immune.
