1 hour ago
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Key Takeaways
- Hike dissents flip the usual data reaction
- Yen near 160 is the week’s wild card
- Tuesday retail sales is the main US test
- Minutes show how many wanted a hike
The Federal Reserve’s October 28 statement kept the target range at 3.75%–4.00%, but two officials voted for a quarter-point increase, and that split is the fact that organises everything on the calendar from Monday to Friday.
A Fed Leaning Toward Hikes Changes What the Data Means
For most of 2024 and 2025, many crypto traders read US data through one lens: weak numbers meant cuts were coming, and cuts were good for Bitcoin. That lens might be no longer fitting. The October statement described spending as resilient and inflation as elevated, two members wanted to tighten immediately, and last Tuesday’s hotter-than-expected consumer inflation print pushed fed funds futures to price a December increase as a near-certainty, with a minority of contracts now paying for...
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