The day’s main event is Fed Chair Kevin Warsh’s first interest-rate decision. No change in rates is expected, which means markets will be scanning the policy statement, economic projections and the post-meeting press conference for cues.
Here is what could elicit a risk-on, positive reaction from bitcoin
The dot plot: This is a graphical representation of where individual Fed members see interest rates heading. Fed funds futures currently price in an 80% chance of a 25 basis-point increase by December. That’s the reference point for reading the plot: If it shows fewer than 80% of members projecting a hike by December, the BTC price could react positively.
Warsh’s take on rates and inflation: Will the Trump nominee break from…
