The Fed’s October rate hike probability drops sharply to 17%！The market starts to reprice！
Major data is here！
Driven by a clear slowdown in U.S. September employment data, market expectations for an October Fed rate hike have fallen rapidly.
October rate hike probability: down to about 17%
September nonfarm payrolls added employment: only 29,000
Well below the market’s previous expectations, and the unemployment rate also rose to 4.2%.
What does this mean?
A cooling labor market may reduce the urgency for the Fed to keep tightening monetary policy.
With rate-hike expectations falling, the U.S. dollar and Treasury yields may face new market repricing.
For risk assets like BTC and ETH, changes in monetary policy expectations are also worth close attention.
However, it’s important to note: the rate-hike probability is just the market’s expectation formed based on interest rate futures, and it does not mean the Fed has decided not to hike. Fed officials currently still emphasize the need to keep watching inflation and employment data.
The Fed’s rate decision on October 28 may become the next big focus for the market！
If there truly is no rate hike in October,
Do you think BTC will see a new round of rally？
#美联储10月加息概率降至17%
Major data is here！
Driven by a clear slowdown in U.S. September employment data, market expectations for an October Fed rate hike have fallen rapidly.
October rate hike probability: down to about 17%
September nonfarm payrolls added employment: only 29,000
Well below the market’s previous expectations, and the unemployment rate also rose to 4.2%.
What does this mean?
A cooling labor market may reduce the urgency for the Fed to keep tightening monetary policy.
With rate-hike expectations falling, the U.S. dollar and Treasury yields may face new market repricing.
For risk assets like BTC and ETH, changes in monetary policy expectations are also worth close attention.
However, it’s important to note: the rate-hike probability is just the market’s expectation formed based on interest rate futures, and it does not mean the Fed has decided not to hike. Fed officials currently still emphasize the need to keep watching inflation and employment data.
The Fed’s rate decision on October 28 may become the next big focus for the market！
If there truly is no rate hike in October,
Do you think BTC will see a new round of rally？
#美联储10月加息概率降至17%