Fed prepares for a rate hike cycle as global central banks follow suit
- —15 of 33 major central banks raised rates in the past six months, or 45%
- —The Fed hiked in September for the first time in three years; markets expect another move by December
- —August PCE inflation was 3.4%, core 3%; Q2 GDP growth was revised up to 2.2%
- —Markets price a 78–81% chance of no change in October and over 88% odds of a December hike
Why it matters: Costlier money pressures risk assets including crypto, while further tightening could strengthen the dollar and weigh on bitcoin.
Source: Cryptopolitan