Zero hour for #Fed !
#bitcoin rebounds above $80,000 as it awaits an interest rate decision shaped by inflationary pressures and the specter of dissent
The Federal Reserve will announce its interest rate decision at 14:00 ET (18:00 UTC), followed half an hour later by a press conference with its chair, #KevinWarsh
#FOMC is widely expected to keep its benchmark rate unchanged in the 3.75% to 4% range. The FedWatch tool reflects this scenario with a decisive 90.6% probability, compared with a mere 9.4% chance of a surprise hike.
The dissent factor: The real risk for markets lies in dissenting votes; if three or more members oppose the pause and call for tighter policy, it will be interpreted as a signal of urgency to raise rates, which could strengthen the dollar and weigh on bitcoin.
Financial conditions and the inflation crossroads: The yield on 10-year Treasury bonds has fallen to 5%, and the 30-year yield has declined by 40 basis points, easing credit conditions. However, with inflation exceeding forecasts for two consecutive months and oil near $100, Warsh has no room to prioritize growth over price control.
$BTC
$SOL
$ETH
#bitcoin rebounds above $80,000 as it awaits an interest rate decision shaped by inflationary pressures and the specter of dissent
The Federal Reserve will announce its interest rate decision at 14:00 ET (18:00 UTC), followed half an hour later by a press conference with its chair, #KevinWarsh
#FOMC is widely expected to keep its benchmark rate unchanged in the 3.75% to 4% range. The FedWatch tool reflects this scenario with a decisive 90.6% probability, compared with a mere 9.4% chance of a surprise hike.
The dissent factor: The real risk for markets lies in dissenting votes; if three or more members oppose the pause and call for tighter policy, it will be interpreted as a signal of urgency to raise rates, which could strengthen the dollar and weigh on bitcoin.
Financial conditions and the inflation crossroads: The yield on 10-year Treasury bonds has fallen to 5%, and the 30-year yield has declined by 40 basis points, easing credit conditions. However, with inflation exceeding forecasts for two consecutive months and oil near $100, Warsh has no room to prioritize growth over price control.
$BTC
$SOL
$ETH
