$BTC Market-implied expectations for another Fed rate hike in October have fallen significantly, dropping from around 70% to nearly 51%.
New York Fed President John Williams said there is no need to rush into further monetary tightening. If the economy continues to perform as expected, he said another rate hike later this year could still be appropriate.
⚠️ Important: These are Williams’ views and do not represent a final Fed decision.
📉 U.S. 2-Year Treasury Yield:
4.96% High → ~4.88%
📊 GOLD & BITCOIN IMPACT
$XAU Gold: Lower rate expectations, along with softer Treasury yields and the dollar, could support further recovery.
₿ Bitcoin: Reduced tightening pressure can be supportive for $BTC but a strong rally is not confirmed yet.
KEY POINTS
• October rate hike expectations have declined, but a hike has not been ruled out.
• A Fed rate cut is not confirmed.
• The next decision will depend heavily on incoming economic data.
• PCE, GDP, and Friday’s NFP have become even more important for markets.
#bitcoin #GOLD #FederalReserve #XAUUSD #Market_Update
