đ„ Hot CPI, December Rate Hike Looking More âCertainâ
U.S. inflation data for October came in above expectations. Headline CPI rose 0.4% and core CPI rose 0.3% month over month. The impact was felt immediately in the markets.
basisdesk
Futures market participants are now pricing in a rate hike in December. Fed Governor Waller himself said he would support a 25 bps hike, but could push for a 50 bps hike. In addition, Octoberâs jobs report was also stronger than expected, giving the Fed more reason to tighten policy.
Fed rate hike odds hit 100% as Waller floats bigger December move
+2
Why does this matter for crypto?
Higher interest rates usually make investors more cautious about risk assets. Liquidity tightens, the dollar tends to strengthen, and assets like $BTC and Eth often come under pressure as hawkish expectations rise. But since a December hike has already been largely priced in, what moves the market next is the surprise: will the hike be 25 bps or 50 bps?
Dates to keep in mind:
Nov 13: October PPI data
Dec 9: Fed rate decision
Dec 10: November CPI (the day after the decision), so Octoberâs CPI data serves as the Fedâs last reference point before making its decision. October PPI is scheduled for Friday, November 13, and the Fed decision is due on December 9, followed by November CPI on December 10.
econotimes
Related tokens:
$ETH : usually moves in tandem with BTC, with higher volatility
$BNB : follows overall market sentiment
$PAXG
: gold tokens, often watched when interest rates and the dollar are moving
What do you thinkâwill the Fed raise rates by 25 bps or 50 bps in December? Share your thoughts in the comments đ
#HotCPIDecemberHikePriced #cpi #FederalReserve #bitcoin #crypto
U.S. inflation data for October came in above expectations. Headline CPI rose 0.4% and core CPI rose 0.3% month over month. The impact was felt immediately in the markets.
basisdesk
Futures market participants are now pricing in a rate hike in December. Fed Governor Waller himself said he would support a 25 bps hike, but could push for a 50 bps hike. In addition, Octoberâs jobs report was also stronger than expected, giving the Fed more reason to tighten policy.
Fed rate hike odds hit 100% as Waller floats bigger December move
+2
Why does this matter for crypto?
Higher interest rates usually make investors more cautious about risk assets. Liquidity tightens, the dollar tends to strengthen, and assets like $BTC and Eth often come under pressure as hawkish expectations rise. But since a December hike has already been largely priced in, what moves the market next is the surprise: will the hike be 25 bps or 50 bps?
Dates to keep in mind:
Nov 13: October PPI data
Dec 9: Fed rate decision
Dec 10: November CPI (the day after the decision), so Octoberâs CPI data serves as the Fedâs last reference point before making its decision. October PPI is scheduled for Friday, November 13, and the Fed decision is due on December 9, followed by November CPI on December 10.
econotimes
Related tokens:
$ETH : usually moves in tandem with BTC, with higher volatility
$BNB : follows overall market sentiment
$PAXG
: gold tokens, often watched when interest rates and the dollar are moving
What do you thinkâwill the Fed raise rates by 25 bps or 50 bps in December? Share your thoughts in the comments đ
#HotCPIDecemberHikePriced #cpi #FederalReserve #bitcoin #crypto