Fed Expectations & Risk Appetite Following heavy losses over the prior fortnight, crypto sentiment has recovered this week with BTC futures ending the week firmly higher. A better tone to risk markets ahead of next week’s FOMC meeting has helped drive demand back into BTC. Despite a mixed reaction to recent labour market and inflation data, the US Dollar trailed off through the end of the week as traders perceived a higher likelihood of a deeper rate-cut next week in response to comments from former FOMC member Dudley, as well as reports in the FT and WSJ. Traders have ramped up their bets on a larger Fed cut next ... (full story)