$BTC 25bps. The easing cycle is officially over.
The Fed just hiked for the first time since
July 2023, first increase in 3 years.
The backdrop going in:
→ Funds rate was at 3.50-3.75% after three
cuts in 2025
→ PCE running at 3.7%, Warsh called it
"concerning" at Jackson Hole
→ 162K jobs added in August,
unemployment holding at 4.1%
→ $BTC was up 25% in August, its best
month since Nov 2024
→ Spot ETFs pulled $3.52B in net inflows
through August
Markets had priced in ~66% odds as of late
August, by decision day that had climbed
above 80%.
#FedRateWatch #ZcashRises6% #XRPSinks10% #CircleOpensArcMainnet #ZcashHoldersBackNU7Upgrade