Trump Won't Interfere in Fed Rate Decision as Market Eyes 25 bps Hike
- —CME FedWatch: probability of a 25 bps rate hike — 92%
- —Crypto market fell 2% to $2.6 trillion, BTC below $76,000
- —Hassett warned of the risks of a rate hike before the US election
- —Goldman Sachs and JPMorgan also expect a 25 bps hike
Why it matters: A rate hike reduces risk appetite and weighs on crypto; the outcome of the CLARITY Act vote will shape US market regulation.
Source: CoinGape