US Services PMI Beats at 58.8, Dollar Strengthens as Fed Bets Shift
- —US Services PMI for September hit 58.8, beating forecasts and staying above 50
- —Composite PMI held steady at 58.4
- —The dollar strengthened immediately after the data release
- —Investors are repricing expectations for the Fed's rate decision
Why it matters: A resilient US economy reduces the odds of near-term Fed easing, capping upside for bitcoin and risk assets.
Source: Coin Edition