Coin Bureau, relaying another source: Fed policy rate will rise

The window it was checked over

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

because of capital flight out of the Turkish lira into BTC unfortunately this time the capital flight was insufficient to kick-start another bull market just a few days later crypto prices fell back to where they were prior to the election this correction appears to have been due to concerns about the possibility that the tentative debt ceiling deal wouldn't be passed it appears that crypto recovered after U.S politicians in both the House and Senate passed the debt ceiling deal but the recovery didn't result in another rally this could have been because there was lots of hawkish rhetoric coming from the FED increasing investor expectations of another rate hike this month what's interesting is that there appears to have been a sudden sell-off in eth relative to BTC after President Biden finally signed the debt ceiling bill into law on Saturday this sell-off only lasted about eight hours but it seems to have marked a short-term high in the East BTC hinting of further downside now this is interesting because the last time the debt ceiling was raised was back in December 2021. in the six months that followed the U.S treasury refilled its bank account by sucking liquidity out of the markets it

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