Fed rate hike odds at 85%: Warsh vs Trump
- —Probability of a rate hike at the September 15-16 FOMC meeting exceeded 85%
- —TD Bank and JPMorgan revised their forecasts in favor of a hike
- —Trump demands a rate cut, while Warsh insists on Fed independence
- —In July, three FOMC members voted for a rate hike
Why it matters: The Fed's decision will determine the trajectory of the dollar and risk assets, including bitcoin, in the coming weeks.
Source: Bloomingbit