The Fed’s September minutes just came out, and they struck a more hawkish tone than markets expected.
The key takeaway in one sentence: Most participants thought it “may be appropriate” to raise the target range for interest rates further before the end of the year. But note: “most” doesn’t mean “unanimously”—there’s still disagreement within the Fed.
The minutes also noted that there was no clear urgency to act in October. Taken together, that means “hawkish, but in no hurry.”
For risk assets like $BTC , the real pressure has never come from rate hikes alone, but from the market starting to price in “rate hikes + balance-sheet runoff” happening at the same time. Did these minutes push expectations a step further in that direction?
What do you think? Let’s discuss in the comments.
#美联储 #BTC #Macro
The key takeaway in one sentence: Most participants thought it “may be appropriate” to raise the target range for interest rates further before the end of the year. But note: “most” doesn’t mean “unanimously”—there’s still disagreement within the Fed.
The minutes also noted that there was no clear urgency to act in October. Taken together, that means “hawkish, but in no hurry.”
For risk assets like $BTC , the real pressure has never come from rate hikes alone, but from the market starting to price in “rate hikes + balance-sheet runoff” happening at the same time. Did these minutes push expectations a step further in that direction?
What do you think? Let’s discuss in the comments.
#美联储 #BTC #Macro