New FED Scenario in Markets After US CPI Data: FED Member Goolsbee Assesses the Current Situation and Issues a Warning!
Photo: Bitcoin Sistemi
Yesterday's US inflation data increased interest rate concerns in global markets. The US September consumer price index (CPI) came in above market expectations, negatively impacting market sentiment across risky assets, including Bitcoin, cryptocurrencies, and equities, due to fears of further interest rate hikes. However, markets believe a pause in interest rates this month is the most likely outcome. CME FedWatch indicates a roughly 70.7% probability that the Fed will leave interest rates unchanged at its October 27-28 meeting. But a potential pause in October does not mean the tightening cycle is over.
Source: Bitcoin Sistemi
