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Wall Street is now pricing in a terminal rate of 5.25-5.50, after hot PCE data, BTC down over 3%

  • February 24, 2023
  • Posted by: admin
  • Category: BitCoin, Blockchain, Cryptocurrency, Investments
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Quick Take

  • Bitcoin is down -3.31% on Feb. 24 due to a hotter than expected PCE data. 
  • Traditional assets are also down on the day, which includes SPX (-0.22%), XAUUSD (-0.75%), and Nasdaq (-2.00%).
  • Wall Street is now pricing another 25 bps hike, in addition to the 50 bps remaining, due to today’s PCE.
  • This would take the federal funds rate to 5.25 – 5.50% for the end of 2023, a total of 75 bps remaining.
Fund Funds probability: (Source: CME Fed Watch Tool)
Fund Funds probability: (Source: CME Fed Watch Tool)
Assets: (tradingView)
Assets: (tradingView)

The post Wall Street is now pricing in a terminal rate of 5.25-5.50, after hot PCE data, BTC down over 3% appeared first on CryptoSlate.

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