While Bitcoin (BTC) is traded at $ 25,700, US stock markets continue to be slightly sold.
While markets are trying to predict the FED's next move, the reflection of economic data from the USA is being watched.
In his statements, FED member Christopher Waller evaluated the latest economic data and expressed his opinions on whether the FED should increase interest rates again.
Speaking to CNBC, Waller said that the latest economic data provides room for the FED to proceed more slowly and carefully, and that he does not see a compelling situation that would require the FED to make a move right now.
“The latest economic data will allow us to proceed with caution. I have not seen any data that requires us to make any moves soon.
Therefore, we can stop here and wait for new data.
Let's see if things continue on their current trajectory.”
According to CME Group's FED Watch tool, markets believe the FED has finished raising interest rates.
According to FED Watch, the probability of no interest rate increase on September 20 is priced at 95%, while the expectation of an interest rate increase in November remains low at 40%.
The FED member warned against this expectation of the markets and said that it should not be assumed that the FED has finished increasing interest rates.
“The FED previously believed in improvements on the inflation front and was therefore upset. I do not think it should be assumed that the FED has finished increasing interest rates.
Whether interest rates will rise again will depend on the data. This means that we need to wait for data on the inflation trend.
“I would like to see this trend continue for a few more months to say that we are done with interest rate increases.”
Bitcoin hit its peak of $69,000 in November 2021, when the FED started increasing interest rates.
Since the subsequent bear market is directly related to the FED's interest rate increases, it is thought that a policy change here may end the bear market and BTC may return to its old days.