Macro· ★★★· neutral·

US PMI Data Due Friday Ahead of Fed Rate Decision

  • —Manufacturing PMI forecast at 55.6, down from 55.9 in September
  • —Services PMI expected to ease to 57.9 from 58.8
  • —The Fed is widely expected to hold rates on October 28 after September's hike
  • —Markets fully price another rate increase in December
Why it matters: Strong activity data and sticky inflation would reinforce expectations of higher rates, which have historically weighed on liquidity and risk appetite in crypto.
Source: DailyCoin
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