BMO economist expects at least two Fed rate hikes by year-end
- —BMO expects at least two Fed rate hikes by the end of the year
- —The current federal funds rate is 3.63%
- —The market estimates the probability of a hike at the upcoming meeting at 90%
- —The key FOMC rate meeting is on September 16
Why it matters: Fed policy tightening pressures risk assets, including crypto, reducing appetite for speculative investments.
Source: Crypto Briefing