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Fed Rate Hike in September: What It Means for Crypto
Summary by crypto.news
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5 Articles
The market's expectation of an interest rate cut, which has persisted for months, has given way to a new pricing that strengthens the probability of an interest rate hike. The CME FedWatch tool now prices a 25 basis point rate hike in September at 66%. The real question is whether the demand for exchange-traded funds (ETFs), which fueled Bitcoin's August rally, can withstand such an increase.
The recent hawkish remarks by the Fed chairman have completely reversed market expectations regarding the interest rate trajectory.
·Ho Chi Minh City, Viet Nam
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Following comments by Federal Reserve Chairman Kevin Warsh at Jackson Hole, Wall Street is divided on whether interest rates will actually be raised in the coming weeks.
Coverage Details
Total News Sources5
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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