Bitcoin faces a two-week Fed trap as inflation rewrite threatens to upend rate cuts
Policymakers will have CPI but not official August PCE when they decide, leaving a second market test on Sept. 30. The post Bitcoin faces a two-week Fed trap as inflation rewrite threatens to upend rate cuts appeared…
Bitcoin’s next Federal Reserve test is split across two dates. The Federal Open Market Committee will decide policy on Sept. 16 after seeing August payrolls, producer prices and consumer prices. Official August personal consumption expenditures inflation, along with a Bureau of Economic Analysis annual update that will revise the PCE series, is not scheduled until Sept. 30. Governor Christopher Waller has already put a number on one part of that pending change. He said a new method for portfolio-management services could lower 12-month PCE inflation by a few tenths of a percentage point. That…
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Source: CryptoSlate
Original report: CryptoSlate
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