Fed expected to raise rates to 3.75–4.00% at September meeting
- —Rate hike to 3.75–4.00% from 3.50–3.75% expected
- —Driven by strong employment report and hot August core CPI
- —Hawkish dot plot and divided committee forecast
Why it matters: Fed tightening pressures risk assets, including bitcoin and the crypto market, raising volatility.
Source: Seeking Alpha Crypto