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
- October Fed rate hike odds fell to 23%.
- 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
$86,687.00
Change since
−0.15%
7 days · dashed line = publication
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
- Confirmed by CoinCentral
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
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