Waller has changed the pace of policy meetings: Of the eight meetings in 2027, one will become a non-voting strategic discussion; in 2028, that number will rise to two, reducing the number of annual rate-decision meetings to six. He says eight meetings a year remains the right number for the FOMC, and that fewer meetings will allow more data to accumulate between them.
Meanwhile, bond traders are pricing in roughly a 90% chance of a Fed rate hike in December. The meeting schedule is a governance-level change, but the stakes at each meeting are higher, and volatility around policy windows could intensify. If the Fed does tighten in December, expectations for liquidity in risk assets will be dampened, putting $BTC, $ETH, and other high-beta assets under short-term pressure.
What to watch: the 2-year Treasury yield and the U.S. Dollar Index, along with inflation and employment data ahead of the December policy window. If Treasury yields and the dollar strengthen in tandem, it suggests markets are pricing in higher rates, making it harder for major cryptocurrencies to rebound. A pullback in rate-hike bets could give short-term sentiment room to recover. The meeting schedule change alone is no reason to chase a rally or sell off; the key factor remains the rate path.
Are you watching the 2-year Treasury yield or the U.S. Dollar Index more closely?
Source: PANews
Meanwhile, bond traders are pricing in roughly a 90% chance of a Fed rate hike in December. The meeting schedule is a governance-level change, but the stakes at each meeting are higher, and volatility around policy windows could intensify. If the Fed does tighten in December, expectations for liquidity in risk assets will be dampened, putting $BTC, $ETH, and other high-beta assets under short-term pressure.
What to watch: the 2-year Treasury yield and the U.S. Dollar Index, along with inflation and employment data ahead of the December policy window. If Treasury yields and the dollar strengthen in tandem, it suggests markets are pricing in higher rates, making it harder for major cryptocurrencies to rebound. A pullback in rate-hike bets could give short-term sentiment room to recover. The meeting schedule change alone is no reason to chase a rally or sell off; the key factor remains the rate path.
Are you watching the 2-year Treasury yield or the U.S. Dollar Index more closely?
Source: PANews
