Fed Week Puts Stocks, Bitcoin, and DXY on Collision Course Before $11 Billion Expiry

The Federal Reserve is expected to hold its key interest rate at 3.75% to 4.00% when it meets Wednesday through Friday, with CME FedWatch putting the chance of no change at 90.6%. On Thursday, the PCE inflation measure is expected to show prices 3.7% higher than a year earlier, up from 3.4% in August and above the Fed’s 2% target; all 100 economists surveyed expected a December increase. On Friday at 4 a.m. ET, Bitcoin options, contracts that let traders buy or sell at a fixed price by a set date, worth $10.97 billion expire on Deribit, the exchange’s largest expiry and 35% of its open Bitcoin contracts.