CME FedWatch: probability of Fed rate hike by year-end reaches 90%
- —The probability of a Fed rate hike by the end of 2026 rose to 90% according to CME FedWatch
- —Bank of America forecasts three 25 bps hikes in 2026 to 4.25-4.50%
- —9 of 18 FOMC members in the June dot-plot expect at least one hike by year-end
- —BMO expects rates to hold until 2026, with a cut no earlier than Q4 2027
Why it matters: Fed tightening pressures risk assets, including crypto; rising rates could increase capital outflows from bitcoin and altcoins.
Source: Crypto Briefing