Trump demands rate cuts, market expects Fed hike to 3.75%
- —The probability of a Fed rate hike to 3.75% is estimated at 86%
- —CPI showed the highest growth in four months
- —The hike would be the first for the Fed in three years
- —Trump is pressuring the Fed ahead of the midterm elections
Why it matters: The Fed's decision on Wednesday will determine the trajectory of risk assets, including bitcoin, amid political pressure from Trump.
Source: BeInCrypto CN