The Fed may hike in December, and traders now price an 88 percent chance of it. ⚠️
CoinDesk, citing CME FedWatch data, reports traders see an 88 percent chance of a 25 point rate hike in December and a 12 percent chance of a 50 point hike, after hotter than expected October inflation. 📰 Fed Governor Christopher Waller mentioned the possibility of a 50 point hike, while the Dollar Index is above 103, its highest since April 2025, and the 10-year Treasury yield has reached 5.13 percent. My reading is that a hike would be a shock, not the base case, but the market is pricing the fear right now, and a strong dollar plus higher rate odds is exactly what pushed Bitcoin below 70,000 dollars.
Does the Fed hike in December, or does the market walk the odds back before the meeting? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Fed
CoinDesk, citing CME FedWatch data, reports traders see an 88 percent chance of a 25 point rate hike in December and a 12 percent chance of a 50 point hike, after hotter than expected October inflation. 📰 Fed Governor Christopher Waller mentioned the possibility of a 50 point hike, while the Dollar Index is above 103, its highest since April 2025, and the 10-year Treasury yield has reached 5.13 percent. My reading is that a hike would be a shock, not the base case, but the market is pricing the fear right now, and a strong dollar plus higher rate odds is exactly what pushed Bitcoin below 70,000 dollars.
Does the Fed hike in December, or does the market walk the odds back before the meeting? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Fed
