Folkender: Fed rate hike next week would be a mistake
- —Folkender: the CPI rise is driven by energy, not sustained inflation
- —Futures put the probability of a Fed rate hike at 85%
- —Bitcoin trades around $78,000 before the FOMC meeting
Why it matters: The Fed's decision will set bitcoin's and risk assets' short-term direction: a rate hike could increase pressure on the crypto market.
Source: Coinotag