Fed's Williams tempers rate outlook as Bitcoin holds $84,000
CIE News ·
New York Fed President John Williams indicated no urgency for immediate rate hikes on September 29, 2026, helping Bitcoin stabilize near $84,000 as Treasury yields eased.
Federal Reserve Bank of New York President John Williams stated on September 29, 2026, that he sees no need for urgency following the September rate hike, noting that the central bank remains data-dependent. The remarks at the University at Buffalo diverged from market pricing, where CME FedWatch data had indicated a 70% to 72.5% implied probability of an additional increase at the upcoming October FOMC meeting.
The policy target currently sits at 3.75% to 4.00% after a recent 25-basis-point increase. Market expectations had been heavily influenced by rising yields, with the 10-year Treasury yield trading around 5.24% to 5.25% on September 29, according to admiralmarkets.com. Swaps traders had previously priced in nearly a full percentage point of additional tightening over the coming year.
The moderated outlook helped ease bond yields and led the U.S. Dollar Index to pare recent gains. This macro reprieve allowed Bitcoin (BTC) to stabilize in the $83,000 to $84,000 range, following an earlier retreat from $87,000, as reported by finance.biggo.com.