Fed October rate hike odds just dropped to 17%.
The move came after a much weaker-than-expected U.S. jobs report. September payrolls rose by only 29,000, while unemployment climbed to 4.2%. Previous months were also revised lower.
After the report, market pricing shifted quickly:
• 17% odds of a 25 bps October hike
• 83% odds of rates staying unchanged
For crypto, the interesting part isn’t simply “Fed = bullish.”
A weaker labor market can reduce the pressure for another rate hike, but at the same time, it raises questions about the strength of the U.S. economy.
So I’m watching the next inflation and labor-market data closely.
For now, the market seems to be pricing more patience from the Fed rather than an immediate policy shift.
#FedOctoberRateHikeOddsFallTo17%
$AIN $STRK $BTC
The move came after a much weaker-than-expected U.S. jobs report. September payrolls rose by only 29,000, while unemployment climbed to 4.2%. Previous months were also revised lower.
After the report, market pricing shifted quickly:
• 17% odds of a 25 bps October hike
• 83% odds of rates staying unchanged
For crypto, the interesting part isn’t simply “Fed = bullish.”
A weaker labor market can reduce the pressure for another rate hike, but at the same time, it raises questions about the strength of the U.S. economy.
So I’m watching the next inflation and labor-market data closely.
For now, the market seems to be pricing more patience from the Fed rather than an immediate policy shift.
#FedOctoberRateHikeOddsFallTo17%
$AIN $STRK $BTC
