Dow, Nasdaq and S&P 500 open lower ahead of Fed decision
- —Dow could lose 0.2-0.6%, S&P 500 0.2-0.5%, Nasdaq-100 0.1-0.5%
- —Probability of a 25 bps rate hike is 92-95% according to CME FedWatch
- —10-year U.S. Treasury yield above 5.04% for the first time since 2007
- —Brent topped $106 and WTI $102 amid the shutdown of a Saudi pipeline
Why it matters: Treasury yields rising above 5% increase pressure on risk assets, including bitcoin and crypto stocks.
Source: Crypto Briefing