Bitcoin Holds Near $77k as Fed Hike Odds Hit 86.5%
Bitcoin trades near $77,250 as markets price 86.5% chance of Fed rate hike on Wednesday; Treasury's role in digital dollars debated.
Bitcoin trades near $77,250 as markets price 86.5% chance of Fed rate hike on Wednesday; Treasury's role in digital dollars debated.
Morgan Stanley warns of a possible stock market correction within 30 days, citing oil prices and AI concerns. Monday may bring the first test.
The US housing market saw a record surplus of sellers over buyers in August, raising concerns for stocks and Bitcoin as high rates pressure demand.
Gold near $4,347 neckline; CPI data may decide if break to $3,950 occurs. Pattern unconfirmed.
Bitcoin faces near-term pressure from hot inflation data but long-term support from a failed Treasury buyback program, per CoinShares.
August CPI data kept the Fed on track for a rate hike, pushing Treasury yields higher, while US stocks rebounded.
US stocks rallied sharply Friday but major indexes still posted weekly losses after a hot CPI report raised rate hike expectations.
JPMorgan predicts Fed rate hikes in September and December; market had already priced in 86%.
Traders see 86.9% chance of Fed rate hike next week, contradicting Trump's promises. Kevin Warsh has yet to cut rates since becoming chair.
University of Michigan consumer sentiment for September came in at 47.8, below the 51.0 forecast.
US CPI data initially boosted September rate hike odds above 90%, but markets reversed with stock futures rising and the dollar retreating.
US CPI forecast distribution shows consensus at 3.4% Y/Y and 0.2% core M/M. Only a soft core CPI may offer short-term relief.
Jim Cramer says the 30-year Treasury yield near 5.3% now drives stocks, overriding fundamentals.
Jeremy Siegel says the Fed must raise rates next week to maintain credibility, despite risk of a selloff.
Rising 10-year Treasury yields near 4.85% pressure GOP midterm strategy as Trump pledges $5,000 payments amid debt concerns.