The Fed’s September meeting minutes are out: a 25-basis-point hike, approved unanimously by a 12–0 vote, bringing rates to 3.75%–4.00%. The outcome itself was no surprise. The real information lies in two sets of remarks: several members felt that current rates were “not sufficiently restrictive” and remained open to further tightening; others noted that rising energy prices and AI investment were still pushing up business costs.
Employment data released after the meeting showed a clear weakening, and the odds of an October rate hike have fallen below 20%. The market’s focus has shifted to December.
Keep an eye on two numbers next: the 10-year Treasury yield and flows into spot BTC ETFs. The direction should become clear soon.
#BTC #ETH #FOMC
Employment data released after the meeting showed a clear weakening, and the odds of an October rate hike have fallen below 20%. The market’s focus has shifted to December.
Keep an eye on two numbers next: the 10-year Treasury yield and flows into spot BTC ETFs. The direction should become clear soon.
#BTC #ETH #FOMC