Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
#Fedratecutexpectationsheatup #Octobermarketprediction
The minutes gave the green light for further interest rate cuts.
In the minutes of its September 17-18 meeting, published on October 8, the US Federal Reserve (Fed) indicated that "further monetary easing may be possible depending on forward-looking data flow."
According to the minutes, the vast majority of policymakers assess that inflation will continue to decline and growth is slowing. Therefore, a 50 basis point cut in the federal funds rate to the 4.75-5.00 percent range was deemed "appropriate." However, two members of the Federal Open Market Committee (FOMC) were notable for their cautious stance during the decision-making process. The minutes indicated that two members favored a 25 basis point rate cut rather than a 50 basis point cut.
Emphasis on "Until the end of 2026" in interest rate cuts
The second noteworthy topic in the minutes is the discussion of the "neutral interest rate." Officials agreed that the current policy rate remains restrictive, but that indicators can stabilize in the 2.5-3.0 percent range in the long term. This calculation implies a total additional cut of 150-175 basis points by the end of 2026. While bond markets are already pricing in this scenario, a 25 basis point rate cut is given a 70 percent probability for the Fed's December meeting.
The crypto market showed limited reaction to the interest rate cut.
Bitcoin (BTC) price, however, performed stagnantly despite the minutes suggesting further interest rate cuts in the future. BTC, trading just 2.43% off its all-time high, was trading at $120,000.
Ether, the Ethereum network's cryptocurrency closely followed by altcoin investors, continued its decline. ETH, which traded at $4,340, last reached this level last week. Ether's dominance in the market declined accordingly, falling from 15% to 12.7%.
The TOTAL3 chart, which excludes the market capitalizations of both BTC and ETH, lost 1.51% in the last 24 hours to $1.14 trillion. It's worth noting that this chart gained 2.66% last week.