Federal Reserve Chair Kevin Warsh will host a conference on productivity and employment in San Francisco on November 16 to discuss AI’s impact on inflation, productivity, and employment. The official San Francisco Fed page says Warsh will deliver opening remarks and lead several discussions; the conference will provide policy guidance for the Fed’s Productivity and Employment Working Group.

U.S. PPI rose 0.3% month over month and 6.5% year over year in October, both 0.1 percentage point below expectations, though the annual increase was still the largest since November 2022. Cointelegraph cited CME FedWatch data showing an 89.7% probability of a 25-basis-point rate hike in December and a 10.3% probability of a 50-basis-point hike. A Binance spot snapshot (November 14, 05:15 Beijing time) showed $BTC at $68,563.34, down 4.145% over 24 hours, with a range of $67,568–$71,636.36.

Personal view: Don’t chase a rebound before the meeting. If the 4-hour chart reclaims 69,000 and holds above it, you could try a small long position, targeting 70,000 and 71,460, with a stop-loss at 67,900. If the price drops below 67,568 and then fails to reclaim 68,300 on a bounce, the rebound thesis is invalidated; switch to a wait-and-see approach.

AI could lower business costs and curb inflation, but it could also drive prices up through demand for data centers and electricity, as well as competition for talent. The meeting won’t directly determine interest rates on December 9, but it could change market expectations for the policy path. Are you more concerned that AI will curb inflation or fuel it?$BTC #美联储 #AI通胀 #BTC #宏观交易 The above does not constitute investment advice.