Fed Rate Hike in October: What to Check on Leverage, Liquidation and Holding Period After the PMI Jump

The most important date for the crypto market in the coming weeks is October 28. That is when the US Federal Reserve decides on the policy rate again, and since September 23 the futures markets have held a further increase to be more likely than a pause. One economic figure caused that turn: the flash purchasing managers' index for the United States jumped to 58.4 points, its highest level since July 2021. For you as an investor in Germany, what counts is less the figure itself than the chain it sets off. Rising rate expectations make credit more expensive, lift the return on safe assets and therefore weigh on everything that throws off no running income. On the morning of September 24, Bitcoin was trading around 2.8 percent below the previous day's level, with individual names in the top 25 considerably weaker. This piece places the data in context and then works through what there is to check in concrete terms: leveraged positions, the one-year deadline under Section 23 EStG, the buying route and custody. US PMI Jumps to 58.4: What the Purchasing Managers' Index Actually Measures The purchasing managers' index, or PMI, is a monthly survey of company purchasing managers that puts ...