💵 The market variable most worth watching lately may not be BTC or Nvidia, but the Fed’s interest rate direction.

When the market starts to expect rates may continue rising, the impact goes beyond the U.S. dollar.
Corporate financing costs may increase, putting pressure on growth companies’ valuations, and capital may reassess the balance between risk and return.
Liquidity expectations are crucial for BTC, U.S. tech stocks, and other risk assets.
But there’s one thing that’s easy to overlook:
Markets trade on future expectations, not just after the Fed makes an official announcement.
So here’s what I’ll be watching closely:
1️⃣ Whether U.S. inflation data continues to cool
2️⃣ Whether Treasury yields remain elevated
3️⃣ Whether further dollar strength puts more pressure on risk assets
What really moves the market is often not a single rate decision, but a reassessment of the future interest rate path.
#美联储 #宏观经济 #Bitcoin