Inflation Sets Stage for Bitcoin Rally as Fed Rates Seen Falling to 2.75% by Oct 2026 đđ„
U.S. inflation rose to 3.0% YoY in September, yet markets expect the Federal Reserve to begin cutting rates soon. Futures place a 90% chance of a 25 bps cut at the Oct 29 FOMC, lowering the target rate toward 3.5â3.75%, with projections pointing to around 3% by next year and 2.75â3.25% by Oct 2026.
Economists, including Goldman Sachs, forecast gradual easing as inflation cools, though persistent core inflation could keep real yields higher. A slower decline in long-term yields (~4%) may limit how much financial conditions loosen overall.
For crypto markets, falling rates and easing liquidity could trigger a âBitcoin melt-upâ, as lower real yields historically boost demand for risk assets. Bitcoin ETFs saw record inflows of nearly $6B in early October when BTC hit $126K, before mild profit-taking.
Analysts see three scenarios:
âą Base case: Gradual disinflation â rates around 3% â Bitcoin strengthens.
âą Sticky inflation: Higher-for-longer rates (~3.5%) â firmer dollar, slower BTC growth.
âą Growth scare: Rapid cuts to 2.5% â weaker dollar â Bitcoin surge.
Overall, with Fed policy expected to ease and inflation moderating, macro conditions appear favorable for Bitcoinâs next major rally.
