Markets Lean Into December – But Still Not Convinced
The rates market now prices in a 50% chance of a Federal Reserve rate cut by December, shifting crypto's focus away from Wednesday's FOMC minutes. Traders are instead positioning for Thursday's delayed September jobs report, which could provide the next catalyst for digital assets.
This recalibration reflects a broader hesitation in markets. While the Fed's potential pivot has been priced in, uncertainty lingers. Cryptocurrencies, often sensitive to liquidity expectations, are navigating this limbo with cautious optimism.