Fed minutes: no intention of a prolonged rate-hiking cycle.

What the minutes revealed:
The 0.25% increase was to control inflation
Most see one more hike before the end of the year, with no definitive decision
The market is betting on 3 hikes by June next year

What changed:
Expectations of an October hike fell sharply
Weak employment data and dovish statements are adding pressure

What to watch:
Next week’s CPI. If it slows, there will be less pressure for a hike. Positive for BTC and crypto.
Treasury yields. Shifts in expectations move capital quickly.

Tracking inflation and Treasuries.

$BTC

#fedminutesfocusonoctoberpause #EvernorthDelaysNasdaqDebutToOct12 #TinFed