$BTC The Federal Reserve's interest rate decision is scheduled to be announced today during its monetary policy meeting.
Most market estimates and experts point toward keeping interest rates unchanged within the 3.75% to 4.00% range. Investors remain on high alert for any clear signals regarding the central bank's intention to hike rates again at the upcoming December meeting to combat persistent inflationary pressures.
However, in the unlikely event of a rate hike, the U.S. dollar and government bond yields would spike immediately, making them the most attractive low-risk safe havens for investors. This scenario would trigger massive sell-offs in cryptocurrencies, driving prices down even further.
Most market estimates and experts point toward keeping interest rates unchanged within the 3.75% to 4.00% range. Investors remain on high alert for any clear signals regarding the central bank's intention to hike rates again at the upcoming December meeting to combat persistent inflationary pressures.
However, in the unlikely event of a rate hike, the U.S. dollar and government bond yields would spike immediately, making them the most attractive low-risk safe havens for investors. This scenario would trigger massive sell-offs in cryptocurrencies, driving prices down even further.
