Macro· ★★★★· bullish·

Markets Price Out an October Fed Hike as Odds Fall From 66% to 22%

  • —October hike odds fell from 66% on Monday to 22% by Friday afternoon
  • —US added 29,000 jobs in September versus 84,000 expected; unemployment rose to 4.2%
  • —Three-month average hiring is about 51,000 a month, under a third of the 2010s pace
  • —Biggest squeeze of the week: $50M of shorts liquidated in 10 minutes, 8 hours before the jobs report
Why it matters: A Fed pause eases pressure on risk assets and supports bitcoin, but core PCE at 3.0% keeps the risk of further hikes alive.
#BTC
Source: Bitcoin Insider
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