2 Fed Debates Could Move Bitcoin and Gold Now That a Hold Is Priced In
BTC when published $80,434Now $80,595 ▲ +0.20% since it was published
Futures traders give a 90% chance that the Federal Reserve leaves rates unchanged on Wednesday. With the decision priced in, the market’s focus has moved to two debates inside the central bank. One is over where rates go next. The other is over how much officials tell the public about it. Both reach Bitcoin (BTC) and gold (XAU), which pay no interest and lose appeal when borrowing costs are expected to rise. Where Will the Fed Take Rates After Wednesday? The Fed raised rates in September to a range of 3.75% to 4%, its first hike since 2023. The bet on the next hike has now moved to December. Futures put a 75% probability on a hike at the December 8-9 meeting, according to CME FedWatch data.
First reported by BeInCrypto. This page is a short excerpt; the full text is theirs.
