[Crypto Script]
#10月FOMC临近，美联储暂停加息还有哪些变数？
The Fed really knows how to endure.
No more rate hikes.
No rush to cut rates either.
So they’re just going to keep stalling?
The meeting is scheduled again from October 27 to 28.
The market generally expects rates to remain unchanged.
The problem is,
not hiking rates now is no longer considered a positive.
What everyone really hopes for is a rate cut.
But the US economy is still quite resilient.
The preliminary composite PMI for October is 57.6.
The manufacturing PMI even rose to 56.
The stronger the economic data,
the more confident the Fed is to keep waiting.
What’s more troublesome is
that corporate selling prices are still rising rapidly,
and inflationary pressure hasn’t completely disappeared.
If the economy is too weak,
the market worries about a US recession.
If the economy is too strong,
the market worries the Fed won’t cut rates.
For BTC and US stocks,
the worst scenario isn’t continued rate hikes,
but that high interest rates linger for too long.
After all, the cost of capital is a barrier.
The market can’t easily rekindle risk asset speculation.
Of course,
whether rates are cut or not isn’t the only factor determining price moves.
So this meeting,
rates staying the same is actually unsurprising.
What we really need to listen to is what Waller says,
especially whether there’s still a chance of a rate cut later.
BTC is still struggling around 80,000.
What do you think?
Can the Fed give the bulls some hope this time?
$BTC$ETH$IRYS
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