Reuters: market expects Fed rate hike in September, economists see hold
- —Market prices a 25 basis point rate hike in September
- —Most economists expect the rate to stay at 3.50%-3.75%
- —Rates were left unchanged in July in a 9-3 vote
- —The FOMC meeting is scheduled for Sept. 15-16
Why it matters: The Fed's decision will set the direction for bitcoin and risk assets in the coming weeks.
Source: Crypto Briefing