Trump demands rate cuts ahead of Fed meeting, market expects hike
- —The market gives an 86% probability of a Fed rate hike to 3.75% on Wednesday
- —This would be the first rate hike in three years
- —Trump threatened to halt trade with deficit countries unless rates are cut
- —The Fed meeting takes place weeks before the midterm elections
Why it matters: A rate hike could hit risk assets, including bitcoin, while Trump's pressure creates uncertainty for markets.
Source: BeInCrypto IT