#BTC - Rate pause incoming?

#BTC

The week ahead for BTC;

Wednesday 13th see's the last piece of crucial data drop before the September FED rate decision. The actual inflation rate will give us a key indicator of whether we see a rate pause or a rate hike.

Currently, despite positive data in both economic growth (PMI's) and employment (NFP, IEC's) CME are predicting a rate pause with a certainty of 93%.

cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

The inflation data is the last chance to change this narractive so unless we see high inflation 3.65%+ year on year (4.3%+ core inflation YOY) expect a rate pause on the 20th.

The last time we saw a rate pause (June 2023) we saw a break-out, hopefully this pattern is replayed.