The Monthly Chartbook is a collection of interesting charts and trends we’re watching across crypto and markets.
Macro Outlook
Keeping with the theme of previous iterations of The Chartbook, we ask ourselves the same high-level question. Has anything changed on the macro front given the macro-driven bear market? This month, the answer is…maybe a bit.
At the FOMC meeting on Nov. 1st-2nd, the Fed remained hawkish. Powell reaffirmed his stance once again, stating the committee’s desire to curb inflation at seemingly all cost. At the press conference, Powell received many tough questions around the future trajectory of interest rate hikes. Powell was non-committal, while acknowledging that the pace of hikes will have to come down at some point, although when is still to be determined. Markets have since repriced the December FOMC meeting, placing an ~80% probability of a