Major financial firms expect a Fed rate hike: what does it mean for bitcoin?
๐ค๐ค๐ค
Bitcoin could face tighter financial conditions after the release of new inflation data in the United States.
๐ง๐ง
โ๏ธ16 out of 20 major financial firms expect a Fed rate hike in September.
โ๏ธThe Fedโs decision could add a macro factor that affects BTCโs recovery.
U.S. inflation has once again put pressure on the Federal Reserve (Fed).
๐ง๐ง
The Consumer Price Index (CPI) rose 0.4% in August and accumulated a year-over-year variation of 3.4%, while the core CPI advanced 0.3% month-over-month and 2.4% year-over-year.
๐ง๐ง
The data reinforced expectations that the Fed will raise interest rates at its September 15โ16 meeting. A Wall Street Journal table, as of September 11, shows that 16 out of 20 institutions expect a rate hike this month.
๐ง๐ง๐ง
Nick Timiraos, chief economics correspondent at The Wall Street Journal,๐๏ธ highlighted that, beyond the large majority that now expects a rate hike, what matters is the change in stance of some of the firms.๐
#FinanzasRegenerativas
#Finance
$SOL
$USDC
$ZEC
#US10YearTreasuryYieldNears5%
๐ค๐ค๐ค
Bitcoin could face tighter financial conditions after the release of new inflation data in the United States.
๐ง๐ง
โ๏ธ16 out of 20 major financial firms expect a Fed rate hike in September.
โ๏ธThe Fedโs decision could add a macro factor that affects BTCโs recovery.
U.S. inflation has once again put pressure on the Federal Reserve (Fed).
๐ง๐ง
The Consumer Price Index (CPI) rose 0.4% in August and accumulated a year-over-year variation of 3.4%, while the core CPI advanced 0.3% month-over-month and 2.4% year-over-year.
๐ง๐ง
The data reinforced expectations that the Fed will raise interest rates at its September 15โ16 meeting. A Wall Street Journal table, as of September 11, shows that 16 out of 20 institutions expect a rate hike this month.
๐ง๐ง๐ง
Nick Timiraos, chief economics correspondent at The Wall Street Journal,๐๏ธ highlighted that, beyond the large majority that now expects a rate hike, what matters is the change in stance of some of the firms.๐
#FinanzasRegenerativas
#Finance
$SOL
$USDC
$ZEC
#US10YearTreasuryYieldNears5%