Market sees 90% chance of 25 bps Fed rate hike
- —Probability of a 25 bps rate hike estimated at 90%
- —Danske expects updated forecasts and dot plot
- —Two to three votes against a rate hike are expected
- —Warsh may again not submit a personal rate forecast
Why it matters: The FOMC decision will set the direction for Bitcoin and risk assets; a pause instead of a hike could trigger a rebound.
Source: Cryptonews.com