#BTC
The week ahead for BTC;
Wednesday 13th see's the last piece of crucial data drop before the September FED rate decision. The actual inflation rate will give us a key indicator of whether we see a rate pause or a rate hike.
Currently, despite positive data in both economic growth (PMI's) and employment (NFP, IEC's) CME are predicting a rate pause with a certainty of 93%.
www.cmegroup.com/mar...e-fedwatch-tool.html
The inflation data is the last chance to change this narractive so unless we see high inflation 3.65%+ year on year (4.3%+ core inflation YOY) expect a rate pause on the 20th.
The last time we saw a rate pause (June 2023) we saw a break-out, hopefully this pattern is replayed.
The week ahead for BTC;
Wednesday 13th see's the last piece of crucial data drop before the September FED rate decision. The actual inflation rate will give us a key indicator of whether we see a rate pause or a rate hike.
Currently, despite positive data in both economic growth (PMI's) and employment (NFP, IEC's) CME are predicting a rate pause with a certainty of 93%.
www.cmegroup.com/mar...e-fedwatch-tool.html
The inflation data is the last chance to change this narractive so unless we see high inflation 3.65%+ year on year (4.3%+ core inflation YOY) expect a rate pause on the 20th.
The last time we saw a rate pause (June 2023) we saw a break-out, hopefully this pattern is replayed.