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Fed rate hike odds drop below 20% amid weak U.S. housing and steady inflation signals

Market News
23 Oct 2026
Tokenpost
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Neutral
Fed rate hike odds drop below 20% amid weak U.S. housing and steady inflation signals

Ahead of the Federal Reserve's October 28 meeting, market expectations for an immediate rate hike fell below 20%, influenced by weak U.S. housing data and persistent inflation. Housing indicators showed a slowdown with homebuilder confidence at its lowest since 2012 and declines in housing starts and pending sales. Meanwhile, inflation remained firm, with the Consumer Price Index rising 0.6% month-over-month and 3.7% year-over-year. This mixed data creates uncertainty for the Fed's decision, with markets favoring a hold in October but expecting a possible hike in December. Bitcoin's price remains sensitive to these rate expectations, reflecting the broader market's reaction to Fed signals.

Bitcoin and U.S. housing data provide context for market conditions. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 24, 2026 07:51 WIB: out of 50 major cryptocurrencies, 13 rose and 36 fell. Notable movers include DOT at Rp19.417 with a -3.48% change, ONE at Rp25 with a -3.44% change, and LTC at Rp1.026.003 with a -2.93% change.

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