Fed held rates at 3.75-4% today. 10-2 vote. Two members wanted a hike.
$BTC popped toward $81k on the news after hovering near $80k. TradFi barely moved—S&P dipped slightly.
Market priced this in: 93% expected no change pre-announcement. No surprises here.
Fed statement: Economy expanding strong. Jobs solid. Spending resilient. But inflation still elevated—they're watching data closely before the next move.
December meeting is the real one to watch. Current odds: 77.7% for a 25bp hike, 6% for 50bp.
TLDR: No rate change today. Inflation still hot. December likely brings another hike. Macro backdrop stays tight for risk assets.
$BTC popped toward $81k on the news after hovering near $80k. TradFi barely moved—S&P dipped slightly.
Market priced this in: 93% expected no change pre-announcement. No surprises here.
Fed statement: Economy expanding strong. Jobs solid. Spending resilient. But inflation still elevated—they're watching data closely before the next move.
December meeting is the real one to watch. Current odds: 77.7% for a 25bp hike, 6% for 50bp.
TLDR: No rate change today. Inflation still hot. December likely brings another hike. Macro backdrop stays tight for risk assets.