CME: Odds of a Fed Rate Hike in October Rise to 54.2%
- —October hold odds at 45.8%, 25 bps hike odds at 54.2%
- —By December: 47.8% for one hike, 41.4% for two
- —Current fed funds target range is 3.75–4.00%
Why it matters: Rising rate-hike expectations pressure risk assets, including bitcoin and the broader crypto market.
Source: PANews