With Fed rate hike all but assured, here's how markets might react
Traders could look past an expected Fed hike and weigh what higher rates are signaling about the economy.
Hike
Live updates: Bitcoin sinks to $77,000 as CPI lands with hike odds near 70%
Every major is red ahead of the August inflation print. Bitcoin is down 5% on the week and zcash fell 10% on the day.
No, Friday's jobs report hasn't materially boosted Fed rate hike odds
BTC fell on Friday and Treasury yields rose, but the hawkish market reaction looks overdone when compared to the largely steady Fed rate hike odds.
Japan Set to Hike Rates to 30-Year High, Posing Another Threat to BTC
The Bank of Japan (BoJ) is expected to raise interest rates for the first time since January, increasing the policy rate by 25 basis points to 0.75% from 0.50%, according to Nikkei. The decision, which is expected on Dec. 19, would take Japanese interest rates… Read More
Michael Saylor and Strategy Hike STRC Dividend Again
Strategy (MSTR) on Monday announced a further 25 basis point increase in the dividend rate of its STRC preferred series to 10.75%. This is the fourth increase since the IPO launch at the end of July. One of Strategy’s perpetual preferred stocks, STRC, or “Stretch,”… Read More