Fed Rate Hike Nears Certainty; Bitcoin Braces for Impact
Federal Reserve expected to raise rates with 92.7% probability; Bitcoin slips near $76,022 as markets react.
Federal Reserve expected to raise rates with 92.7% probability; Bitcoin slips near $76,022 as markets react.
US August retail sales rose 1.2% versus 0.8% expected. Prior month revised to -0.6%.
Ethereum hovers near $2,360 support after the Clarity Act vote failed, with the FOMC decision and Middle East tensions in focus.
USD mixed ahead of Fed rate decision; technicals examined for EURUSD, USDJPY, GBPUSD. Oil down despite Middle East tensions.
The S&P 500 has reached a pain point with oil above $100, and a hawkish Fed could worsen losses.
Markets expect a 25 bps Fed hike today, testing Kevin Warsh's credibility on forward guidance and independence.
Bitcoin and XRP fell after a Senate vote failed to advance the CLARITY Act, with markets now awaiting the Fed's rate decision.
Gold traders await the FOMC decision, with focus on Dot Plot and Middle East developments.
Gold futures hold near-term bullish advantage above $4,350 as traders await the Fed decision, with key resistance at $4,382 in focus.
The Fed is set to hike by 25 bps, with traders watching the dot plot for clues on further tightening.
European stocks opened higher on Wednesday as oil prices eased and bond yields retreated, providing a respite ahead of the Fed's rate decision.
Ten-year bond yields in the US, UK, Japan, Germany and France hit multi-decade highs as oil above $100 fuels inflation fears.
Tom Lee predicts a Fed rate hike but says it could spark a stock rally, not derail one.
Fed faces overwhelming market pressure to hike rates as inflation persists and yields surge, with a hold seen as riskier.
The Fed and BOJ are poised for possible same-week rate hikes, with 89% of economists expecting a BOJ boost to 1.25%, its highest in 30 years.