The Fed Is NOT In Control: Why Markets Lead & Bitcoin Reacts

In this episode, Nik is joined by TBL researcher Demian Schatt to break down the Fed’s latest rate cut and why it’s just catching up to what markets have already priced in. He explains the meaning of the Fed’s “neutral rate,” why central bank policy lags economic conditions, and how the SOFR curve and MOVE index signal shifting liquidity dynamics. Nik and Demian explore the market’s expectations for inflation, the historical roots of Fed-government coordination, and the growing tension between monetary independence and fiscal reality. They unpack how rate cuts, volatility compression, and credit system stability influence Bitcoin over time, and why TBL’s liquidity lens gives you the signal before the headlines do.📚 Bitcoin Age is here, order yours today: https://a.co/d/5gau08H📊 The Bitcoin Layer is a bitcoin and global macroeconomic research firm. ▶️ Subscribe and turn on notifications for TBL on YouTube.📚 Subscribe to TBL’s research letter: https://thebitcoinlayer.com/subscribe🎧 Subscribe to The Bitcoin Layer on your favorite podcast platform.📱 Follow TBL on X: https://twitter.com/TheBitcoinLayer📩 Join the official TBL channel on Telegram: https://t.me/thebitcoinlayerofficial🧢 Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch⛓️ ₿lock Height 915464⚡ Contribute to The Bitcoin Layer via Lightning Network: [email protected] Bhatia's Twitter: https://twitter.com/timevalueofbtcCreative Director Matthew Ball's Twitter: https://twitter.com/matthewrballResearcher Demian Schatt's Twitter: https://x.com/demianschattLead Statistician Augustine Carrasco Twitter: https://x.com/AugustineCarrB The Bitcoin Layer and its guests do not provide investment advice.