U.S. overheating debate takes center stage before FOMC as market expects 0.25 pp hike
- —The market expects a 0.25 pp rate hike to 3.75-4.00%
- —U.S. August CPI: +0.4% month-on-month and +3.4% year-on-year, energy +16.3%
- —PCE rose 3.7% year-on-year and 4.1% over six months, above the 2% target
- —10-year U.S. Treasuries at 5.00%, oil around $110 per barrel
Why it matters: The Fed's decision will determine the trajectory of risk assets: a hawkish signal will increase pressure on bitcoin and the crypto market, while a pause could trigger a rebound.
Source: TokenPost