【Market Update】Expectations for a Fed rate hike at its October meeting have cooled sharply, with markets focused on how holding rates steady could affect crypto assets.
CME FedWatch data shows that the probability of a rate hike on October 28 has fallen to about 18.3%, down from 37.6% at the end of September. The main reason is that September nonfarm payrolls increased by just 29,000, far below expectations of nearly 90,000, while inflation data also came in softer. The probability of a rate cut remains at 0%, making unchanged rates the baseline expectation. But markets are not letting their guard down: the Fed made its first rate hike since 2023 in September, and another hike in December remains possible. For $BTC , the rate path remains one of the most important short-term macro variables.
#Bitcoin #Macro
(Source: X)
⚠️Risk disclaimer: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.
CME FedWatch data shows that the probability of a rate hike on October 28 has fallen to about 18.3%, down from 37.6% at the end of September. The main reason is that September nonfarm payrolls increased by just 29,000, far below expectations of nearly 90,000, while inflation data also came in softer. The probability of a rate cut remains at 0%, making unchanged rates the baseline expectation. But markets are not letting their guard down: the Fed made its first rate hike since 2023 in September, and another hike in December remains possible. For $BTC , the rate path remains one of the most important short-term macro variables.
#Bitcoin #Macro
(Source: X)
⚠️Risk disclaimer: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.