If you hold Bitcoin or US stocks, this might be the week you need to hold your breath the most this year. (I'm not joking, as of today, CME data shows that the probability of a rate cut next week is as high as 88%. It seems a sure thing, but behind this number lies an absurd reality. Due to the government shutdown, the Fed will meet next week in a "data vacuum." They won't see the employment reports for October and November (which will be released on December 16th.
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If you hold Bitcoin or US stocks, this might be the week you need to hold your breath the most this year. (I'm not joking, as of today, CME data shows that the probability of a rate cut next week is as high as 88%. It seems a sure thing, but behind this number lies an absurd reality. Due to the government shutdown, the Fed will meet next week in a "data vacuum." They won't see the employment reports for October and November (which will be released on December 16th.