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Fed Rate Cut Expectations Firm as Crypto Markets Await Impact
Fed Rate Cut Expectations Firm as Crypto Markets Await Impact
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BTCCSquare news:
The Federal Reserve's anticipated rate cut next week has shifted the debate from 'if' to 'by how much,' with crypto markets poised to react. August's Consumer Price Index (CPI) rose 0.4% month-over-month, up from July's 0.2%, while the annualized figure reached 2.9%. Core CPI, excluding food and energy, held steady at 0.3%.
21Shares' David Hernandez notes the data reinforces moderating inflation, aligning with rate cut expectations. CME Group's FedWatch tool now shows a 0% chance of rates holding steady, with markets pricing in a 25bps cut as more likely than 50bps. Producer Price Index (PPI) softening further supports the Fed's dovish pivot.
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