Bitcoin: Post-FOMC

Benjamin Cowen • 3 days ago

Original source

What This Video Is About

The video analyzes the Federal Reserve's decision not to raise rates, despite high inflation data, and its potential impact on the markets, particularly Bitcoin. The speaker discusses the current state of the economy, including the producer price index (PPI) and personal consumption expenditures (PCE) price index.

Major Ideas Discussed

  • The Fed's decision not to raise rates has sparked debate, given the current inflation data, with a year-over-year PPI change of 6.35%.
  • The PCE price index is expected to come in hot, which could lead to a rally in the long end of the yield curve.
  • Bitcoin's price is uncertain, running up against the 50-day moving average, a critical level that could determine its future direction.
  • The long end of the yield curve is expected to rally, potentially due to the Fed's decision and the upcoming midterms.
  • Oil prices are rising, contributing to inflation and potentially impacting the markets.
  • Other markets, such as gold and the HSI, are showing a pattern of three separate lows in 2026, which could be a sign of what's to come for Bitcoin.

What to Watch Next

  • The PCE price index is expected to come in tomorrow, which could have a significant impact on the markets.
  • The midterms are approaching, bringing uncertainty and volatility to the markets.
  • The SpaceX IPO is scheduled for the week of November 16th to 20th, potentially leading to a drop in the stock market and taking Bitcoin down into the Q4 low.