the fed's september minutes are out. most officials think another rate hike this year is likely appropriate.
bitcoin moved about 0.18% in the first five minutes, from roughly $83,159 to $83,306 on binance. the S&P 500 and gold barely moved.
why so quiet: almost none of it was new. the fed's own projections already pointed to one more hike back on sept 16. and the minutes were written before the september jobs report, when employers added about 29,000 jobs against forecasts near 90,000.
traders had already cut the odds of an october hike to around 20%, from about 55% a week earlier.
next up: september CPI on oct 14, then the fed decision on oct 28.
my take: these minutes describe the fed as it was three weeks ago. i'd watch the oct 14 inflation print, not this headline.
$BTC
#Bitcoin #FederalReserve
NFA. DYOR.
bitcoin moved about 0.18% in the first five minutes, from roughly $83,159 to $83,306 on binance. the S&P 500 and gold barely moved.
why so quiet: almost none of it was new. the fed's own projections already pointed to one more hike back on sept 16. and the minutes were written before the september jobs report, when employers added about 29,000 jobs against forecasts near 90,000.
traders had already cut the odds of an october hike to around 20%, from about 55% a week earlier.
next up: september CPI on oct 14, then the fed decision on oct 28.
my take: these minutes describe the fed as it was three weeks ago. i'd watch the oct 14 inflation print, not this headline.
$BTC
#Bitcoin #FederalReserve
NFA. DYOR.
