Market prices in 87% odds of a Fed rate hike ahead of meeting
- —Probability of a Fed rate hike on September 15-16 is 87% according to CME FedWatch
- —Brent rose above $104 a barrel
- —10-year Treasury yields are approaching 5%
- —The crypto market sentiment index shows greed
Why it matters: A hawkish Fed and rising yields weigh on risk assets, including bitcoin, ahead of the September 15-16 meeting.
Source: Coinotag