Fed Set to Hold Rates as 2-Year Yield Signals Incoming Hike
The 29% FedWatch odds of a July hike look about right: the more useful signal is the 2-year yield pushing the Fed funds rate toward 4.25%, which is the level the market wants by December.
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The 29% FedWatch odds of a July hike look about right: the more useful signal is the 2-year yield pushing the Fed funds rate toward 4.25%, which is the level the market wants by December.
Futures turnover is running 6.85x spot, open interest is 7x daily spot volume, and the next $200M+ in forced unwinds could land while Bitcoin is already sliding under the $64K level the market says…
A 2,000-claim beat looks small, but a downward revision to the prior week keeps the labor market narrative firmly 'no rush to cut' for the Fed.
The bounce came not from crypto buyers but from Micron's blockbuster earnings, proof that the same AI memory trade that hammered risk assets on Monday is now the only thing steadying the market…
The macro calendar carries the week: PCE, jobless claims and two housing prints arrive Thursday morning, with prediction markets already pricing in a hold at June's FOMC and Kevin Warsh's first full…
The 9-day ETF inflow run broke before the Fed's rate decision and a heavy data week, leaving Bitcoin down roughly 1% and Ethereum 1.4% as the Fear & Greed Index slipped to 33.