According to @StockMKTNewz, Kalshi’s event markets are now pricing three Federal Reserve rate moves in 2025 as the most likely outcome after a busy morning of U.S. economic data (source: @StockMKTNewz on X; source: Kalshi market pricing). Crypto traders monitor this implied FOMC path because BTC and ETH performance has shown sensitivity to shifts in U.S. yields and the dollar, with analyses documenting inverse relationships across multiple regimes (sources: Coinbase Institutional Research; Kaiko Research).