EconomyBitcoin faces a two-week Fed trap as inflation rewrite threatens to upend rate cuts
Bitcoin faces two policy checkpoints two weeks apart: the Fed’s Sept. 16 decision and the Sept. 30 release of August PCE inflation alongside an annual revision. Christopher Waller said a new method for measuring portfolio-management services could lower 12-month PCE inflation by a few tenths of a percentage point, but stressed that this was not a confirmed estimate of the total revision.
Bitcoin faces a two-week Fed trap as inflation rewrite threatens to upend rate cuts
Economy