White House softens rhetoric on possible Fed rate hike
- —The Fed rate is currently in the 3.50–3.75% range
- —The market raised its hike probability from 80% to 85.5% over the day
- —The FOMC meeting is taking place in September, with a decision expected on Wednesday
Why it matters: The White House's tone reduces political pressure on the Fed, but the market still expects a rate hike — a key macro trigger for crypto.
Source: Crypto Briefing