Traders price in 4 Fed rate hikes by June 2027 as bitcoin slides below $83,000
The four-hike path is the most likely outcome, while rising bond yields and a stronger dollar weigh on bitcoin and gold.
Source: CoinDesk
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DW NOTE
The Fed hiked once in September and traders are already pricing four more by June 2027 — back to 5% after two years of cuts. That's not a hawkish turn, that's an admission the inflation problem was never solved. Bitcoin is down to $83,000 and gold has fallen 25% from its January high because real rates are rising and the dollar is strengthening. When the cost of holding non-yielding assets climbs, speculators sell first and ask questions later.