THE FED ISN’T READY TO ENTER A PROLONGED RATE-HIKING CYCLE
The minutes from the September meeting were just released, and one point stood out.
The Fed doesn’t seem eager to start a prolonged rate-hiking cycle.
The latest 0.25% hike was seen mainly as a move to control inflation. Most officials believe another hike may be warranted before year-end, but no firm decision has been made.
Meanwhile, the market is betting more aggressively, pricing in the possibility of three more 0.25% hikes before June next year.
What’s notable is that expectations of a Fed hike as soon as October have fallen considerably. Weak jobs data and comments from Fed officials are leading the market to lean toward rates staying unchanged this month.
Next week, U.S. inflation data will be very important.
If CPI cools, pressure to raise rates could ease further. That would be a fairly positive signal for risk assets like BTC and crypto.
Mây will keep an eye on two key things: inflation and U.S. Treasury yields.
Because even a shift in rate expectations can trigger a swift reaction in crypto flows.
Follow Mây for more market updates. #fedminutesfocusonoctoberpause #EvernorthDelaysNasdaqDebutToOct12 #TheoDõiFOMC #TinFed $BTC
The minutes from the September meeting were just released, and one point stood out.
The Fed doesn’t seem eager to start a prolonged rate-hiking cycle.
The latest 0.25% hike was seen mainly as a move to control inflation. Most officials believe another hike may be warranted before year-end, but no firm decision has been made.
Meanwhile, the market is betting more aggressively, pricing in the possibility of three more 0.25% hikes before June next year.
What’s notable is that expectations of a Fed hike as soon as October have fallen considerably. Weak jobs data and comments from Fed officials are leading the market to lean toward rates staying unchanged this month.
Next week, U.S. inflation data will be very important.
If CPI cools, pressure to raise rates could ease further. That would be a fairly positive signal for risk assets like BTC and crypto.
Mây will keep an eye on two key things: inflation and U.S. Treasury yields.
Because even a shift in rate expectations can trigger a swift reaction in crypto flows.
Follow Mây for more market updates. #fedminutesfocusonoctoberpause #EvernorthDelaysNasdaqDebutToOct12 #TheoDõiFOMC #TinFed $BTC