• FED / RATES
Fed hiked 25bps on Sept 16 to 3.75–4.00% (first hike since 2023, 12-0 vote). Strong flash PMI at 58.4 is pricing another hike this year. 10Y yield ~5.12%, highest since 2007.
• INFLATION / DATA
August CPI: +0.4% MoM / +3.4% YoY. Core: +0.3% / +2.4%. Energy still the headline driver. Next CPI: Oct 14. Watch Friday’s PCE.
• DOLLAR / OIL
DXY ~101.2, firm after the PMI surprise. Brent ~$103–105, WTI ~$93–97 as Hormuz / US–Iran risk stays bid.
• GEOPOLITICS
UNGA heat: Pezeshkian speech, US walkout, Hormuz shipping risk, Trump–Xi talks today. Liquidity and risk appetite remain the main crypto drivers.
Crypto is reacting: BTC slipped to the mid-$83k–$84k zone after tagging ~$87k earlier this week as yields ripped and oil bounced.
#Macro #Bitcoin #Crypto