According to CME data, the probability that the Federal Reserve will raise rates by 25 basis points in September has jumped to 92.4%, while the probability of holding rates unchanged is down to just 7.6%.
Market pricing itself is already “pressuring” the Fed to act, and a rate hike now looks almost certain.
The most critical factor right now is, in fact, Waller’s remarks at the FOMC: how many more rate hikes are still expected this year? Is his tone more dovish or more hawkish?
The FOMC decision on Wednesday night, together with Waller’s comments, will directly determine the direction of Bitcoin’s next medium- and short-term move.
Market pricing itself is already “pressuring” the Fed to act, and a rate hike now looks almost certain.
The most critical factor right now is, in fact, Waller’s remarks at the FOMC: how many more rate hikes are still expected this year? Is his tone more dovish or more hawkish?
The FOMC decision on Wednesday night, together with Waller’s comments, will directly determine the direction of Bitcoin’s next medium- and short-term move.