Fed rate-hike odds slide to 34.9% after softer PCE inflation print
- —Odds of an October Fed rate hike fell to 34.9%
- —Probability of holding rates steady rose to 65.1%
- —The move followed a softer-than-expected PCE inflation report
Why it matters: Lower rate-hike expectations ease pressure on risk assets, including bitcoin and the broader crypto market.
Source: Seeking Alpha Crypto