Macro update đ¨ CME FedWatch data shows a slight uptick in expectations for a January rate cut, with the probability of a 25 bps cut rising to 17.7%, while markets still largely expect the Fed to hold rates steady (82.3%) at the January 28 FOMC meeting. This reflects growing, but still cautious, optimism that tightening may be nearing its end.
Looking ahead to March, uncertainty remains elevated. The probability of rates staying unchanged until March stands at 46.7%, while markets are pricing a 45.6% chance of a cumulative 25 bps cut and a 7.7% chance of a deeper 50 bps cut by the March 18 meeting. For risk assets like crypto, any shift toward easing could act as a sentiment catalyst â but for now, the Fed is still firmly in âwait and watchâ mode.#USGDPUpdate #USCryptoStakingTaxReview $STORJ $HIVE $ONT
