Wall Street banks expect Fed rate hike in September, up to 75 bps over the year
- —Nearly all major Wall Street banks expect a Fed rate hike in September
- —Most banks forecast a 50 bps rate increase for 2025
- —BofA, Deutsche Bank and RBC expect a cumulative 75 bps hike
- —The market is assessing the probability of additional tightening before year-end
Why it matters: Tighter Fed policy weighs on liquidity and risk assets, including bitcoin and the crypto market.
Source: Bloomingbit