๐ Fed Holds, GDP Beats, Inflation Still Rising: A Hawkish Message for $BTC ๐๏ธ
The Fed held rates at 3.75-4% on Oct 28, but the vote was 10-2, with two officials voting for a hike right away. Warsh said inflation is still elevated, gave no forward guidance, and kept December open ๐ฅ
Thursdayโs data confirmed the picture ๐
โข Q3 GDP: 3.4% (forecast 3.2%, previous 2.2%)
โข September PCE: 3.6% YoY. Core PCE: 3.1% YoY, up from 3.0%
Both were close to forecasts, but strong growth plus rising inflation gives the Fed no reason to cut and a reason to hike. The market now prices roughly an 80-87% chance of a hike in December โ ๏ธ With the 10-year yield near 5%, that is a headwind for $BTC , $ETH and risk assets.
The reaction has been calm so far: BTC held the $80-81K area because the hawkish hold was mostly priced in. The risk is the next hot data point or an oil spike pushing yields higher ๐ข๏ธ
#FOMC #PCE #GDP #BTC #Fed
Will the December hike push BTC below $80K? Vote below ๐
The Fed held rates at 3.75-4% on Oct 28, but the vote was 10-2, with two officials voting for a hike right away. Warsh said inflation is still elevated, gave no forward guidance, and kept December open ๐ฅ
Thursdayโs data confirmed the picture ๐
โข Q3 GDP: 3.4% (forecast 3.2%, previous 2.2%)
โข September PCE: 3.6% YoY. Core PCE: 3.1% YoY, up from 3.0%
Both were close to forecasts, but strong growth plus rising inflation gives the Fed no reason to cut and a reason to hike. The market now prices roughly an 80-87% chance of a hike in December โ ๏ธ With the 10-year yield near 5%, that is a headwind for $BTC , $ETH and risk assets.
The reaction has been calm so far: BTC held the $80-81K area because the hawkish hold was mostly priced in. The risk is the next hot data point or an oil spike pushing yields higher ๐ข๏ธ
#FOMC #PCE #GDP #BTC #Fed
Will the December hike push BTC below $80K? Vote below ๐
๐ Yes
๐ No, it holds
โ๏ธ Range-bound
6 hari lagi