Market News / Story
Fed Hike Odds Drop to 18%, Cuts at 0%: What a Hold Means for Bitcoin
Beincrypto ·
Beincrypto reports: Fed hike odds for October 28 have fallen to 18.3% after soft jobs and inflation data, CME’s FedWatch tool shows. Cut odds sit at 0%, so a hold is the base case. A hold would not mean relief, though. The Fed raised rates in September, its first hike since 2023, and a December hike remains in play. Why Are Fed Hike Odds Fading While Cuts Stay Off the Table? FedWatch, which turns futures prices into probabilities, put hike odds at 37.6% on September 30. Now, on October 8,…