Bitget UEX Daily Report｜Bitcoin Rises to $81,700; Brent Crude Holds at $103; Chip and Crypto-Related Stocks Lead Gains

US Economic Data: Manufacturing and services PMI, new home sales, and durable goods orders will also be released this week, among other data.

I. Key Highlights

Federal Reserve Developments

Kashkari States Inflation Pressure Not Solely Driven by Energy, Further Rate Hike Expectations Remain

• The Federal Reserve raised rates by 25 basis points on September 16, moving the target range for the federal funds rate up to 3.75%–4.00%.
• Minneapolis Federal Reserve President Kashkari stated that U.S. inflation remains elevated across multiple areas, and core inflation pressures have not been fully alleviated even when excluding food and energy.
• Most Fed officials expect at least one more rate hike this year. The U.S. 10-year Treasury yield briefly broke above 5% last Friday and currently trades at approximately 4.98%.

Market Impact: Following the Fed's renewed shift toward a restrictive stance, risk assets must simultaneously digest high energy costs, elevated financing rates, and changes in earnings expectations. If inflation continues to spread, the valuation recovery space for tech stocks and crypto assets may be constrained.

International Commodities

Riyadh Attack Raises Risk Premium, Brent Crude Surges Then Pulls Back to Around $103