FED JUST RAISED RATES
The Fed just raised rates by 0.25%.
The new rate is: 3.75% – 4.00%
And the Fed's new projections point to one more hike this year.
Why?
Inflation is still too high.
August PCE inflation was around 3.7%. That's well above the Fed's 2% target.
Oil prices are also above $100 as Middle East tensions push energy prices higher. And now US stocks are giving back their gains.
For crypto, I'm watching BTC around $75K–$78K. If risk assets stay under pressure,
crypto could feel it too. 👀
$BTC $NVDAB
#Bitcoin #BTC #Fed #Crypto #BinanceSquare
The Fed just raised rates by 0.25%.
The new rate is: 3.75% – 4.00%
And the Fed's new projections point to one more hike this year.
Why?
Inflation is still too high.
August PCE inflation was around 3.7%. That's well above the Fed's 2% target.
Oil prices are also above $100 as Middle East tensions push energy prices higher. And now US stocks are giving back their gains.
For crypto, I'm watching BTC around $75K–$78K. If risk assets stay under pressure,
crypto could feel it too. 👀
$BTC $NVDAB
#Bitcoin #BTC #Fed #Crypto #BinanceSquare
