Fed Releases September FOMC Projections: Rate Hike Odds Hit 99%
- —Market priced a 25 bps rate hike with 99% probability
- —The rate range will shift from 3.50–3.75% to 3.75–4.00%
- —June SEP projected PCE inflation of 3.6% and GDP growth of 2.2%
- —September forecasts are expected to be tighter than June's due to tariffs and energy
Why it matters: A more hawkish dot plot weighs on long-duration assets, including crypto, through higher yields and a stronger dollar.
Source: Crypto Briefing