Markets price a September Fed HIKE at 28%. A cut? 2%.
July PCE landed at 3.7% y/y vs 3.6% expected (BEA, via CBS News) - nearly double the Fed's 2% target. Polymarket now shows September at 69% hold, 28% hike, under 2% cut.
Fed Chair Kevin Warsh gives his first Jackson Hole keynote today. Every bid since Aug 19 rests on one idea: Treasury buybacks are liquidity. BTC ran from roughly $64K to $80K on it. Lean into Fed-Treasury coordination and that trade extends. Defend independence, point at 3.7% inflation, and yields squeeze it out.
$BTC sits near $79.5K, capped under $80K all week - that reclaim is the level traders are watching, with the 50-week EMA near $77.2K below. $ETH and $SOL are the higher-beta version of the same bet.
Dovish or hawkish - which way does Warsh break?
#Write2Earn #JacksonHole #Bitcoin #FedWatch #CryptoNews
Not financial advice. DYOR.
July PCE landed at 3.7% y/y vs 3.6% expected (BEA, via CBS News) - nearly double the Fed's 2% target. Polymarket now shows September at 69% hold, 28% hike, under 2% cut.
Fed Chair Kevin Warsh gives his first Jackson Hole keynote today. Every bid since Aug 19 rests on one idea: Treasury buybacks are liquidity. BTC ran from roughly $64K to $80K on it. Lean into Fed-Treasury coordination and that trade extends. Defend independence, point at 3.7% inflation, and yields squeeze it out.
$BTC sits near $79.5K, capped under $80K all week - that reclaim is the level traders are watching, with the 50-week EMA near $77.2K below. $ETH and $SOL are the higher-beta version of the same bet.
Dovish or hawkish - which way does Warsh break?
#Write2Earn #JacksonHole #Bitcoin #FedWatch #CryptoNews
Not financial advice. DYOR.
