Fed rate hike odds fall to 23% before October meeting
Image: CoinGapeFed Governor Philip Jefferson said he sees no urgency for further rate hikes, suggesting the FOMC could hold rates steady in October. New York Fed President John Williams also saw no urgency. The US economy added 29,000 jobs in September, and unemployment rose to 4.2%. Bitcoin traded higher before the jobs report. October Fed rate hike odds fell to 23%.
Key points
- The Fed's next policy meeting is in October.
- A second Fed rate hike was expected at the October meeting.
- Recent economic data preceded the drop in rate hike odds.
Why it matters
The reports show crypto traders and markets focused on the Fed's October decision. Bitcoin traded higher before the weak September jobs report as rate hike odds fell.
What's unclear
The September jobs expectations are given as 89,000 and 90,000 in the same report.
The timing of the next Fed rate hike is unclear, with a December forecast and an October market expectation both cited.
Price context · BTC
At publication
$86,815.00
Now
$81,458.00
Change since
−6.17%
7 days
Sources · 2 publishers
CoinCentral
Tier 3
Jobs Report Miss Sends Bitcoin and Stocks Higher as Rate Hike Odds Fall
Coverage timeline
- First reported by CoinGape
- Also reported by CoinCentral
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
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