According to Charlie Bilello, market pricing implies 25 bps cuts in December 2025, April 2026, and July 2026, with holds in January, March, and June 2026, outlining the current path for the Fed funds rate cycle (source: Charlie Bilello on X, Nov 11, 2025; bilello.blog/newsletter). Bilello reports the target range would step down to 3.50-3.75 percent in December 2025, 3.25-3.50 percent in April 2026, and 3.00-3.25 percent by July 2026, reflecting a gradual easing cadence (source: Charlie Bilello on X, Nov 11, 2025; bilello.blog/newsletter). For crypto traders, the highlighted FOMC windows concentrate macro event risk in December 2025, April 2026, and July 2026, providing clear calendar anchors for BTC and ETH positioning and volatility hedging into those meetings (source: Charlie Bilello on X, Nov 11, 2025; bilello.blog/newsletter).

According to @charliebilello, markets expect a 25 bps cut in Dec 2025 to 3.50-3.75%, holds in Jan and Mar 2026, a 25 bps cut in Apr 2026 to 3.25-2.50%, a hold in Jun 2026, and a 25 bps cut in Jul 2026 to 3.00-3.25%, source: X post dated Nov 11, 2025; bilello.blog/newsletter. This path implies three 25 bps cuts through Jul 2026, making these FOMC decisions key trading catalysts for crypto exposure and USD-liquidity risk management, source: X post dated Nov 11, 2025.