By Michael Adeleke Key highlights: The probability of a Fed rate hike at the next FOMC meeting fell to 37.6% August’s PCE price index rose 3.4% annually, below the 3.7% economists expected New York Fed President John Williams said he sees “no need for urgency” on another rate hike The chances of the Federal Reserve […]
Tag: FOMC
By Michael Adeleke Key highlights: Bitcoin fell to around $83,000, down about 3% in 24 hours The 10-year Treasury yield surged to its highest level in almost 20 years The 30-year yield also hit its highest level in 22 years At the same time, open interest also fell almost 6% to $57 billion, Coinglass data […]
By Hassan Shittu Key highlights: The Fed raised rates 25bps to 3.75%–4% in a unanimous FOMC vote, with 16 of 18 officials projecting at least one more hike this year Bitcoin held above $76K with a muted reaction, as the hike was widely priced in, though $82M in BTC perpetual net selling followed the announcement […]