Bitcoin (BTC) Macro Backdrop Includes Unanimous December Fed Hike Forecast

Elevated U.S. inflation and a unanimous economist forecast for a December Fed rate increase provide context for Bitcoin (BTC) markets as the central bank’s October decision remains pending. In a survey conducted Oct. 16-20, 94 of 100 economists expected the Federal Reserve to keep its target range at 3.75%-4.00% at its Oct. 27-28 meeting. All 100 forecast a rate increase in December. The results add to earlier coverage of the October hold and December hike outlook , but remain economists’ expectations rather than a policy decision.