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#RateHikesBackOnTable Nick Timiraos β the Fed's unofficial mouthpiece β just said cut talk is essentially over. Officials are now weighing hikes π
30-year at 5.20%. Highest since 2007. 10-year at 4.58%. Swap markets at 80%+ odds of at least one hike by year-end π
The narrative flipped from "how many cuts" to "will they hike" in a matter of weeks. At what point does forward guidance stop being an anchoring tool and start being the instability itself? π€
Gold down. BTC down. Same macro pressure hitting both simultaneously.
Historically BTC and gold diverge during tightening cycles β that's been the whole "digital gold" defense. This time they're moving together π
Is BTC's risk-asset correlation permanent now, or does it only show up when macro gets this extreme? That question matters more than any price prediction right now π
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