Fed Decision Looms: 92% Chance of 25 Basis Point Hike to 3.75-4.00%
The Federal Reserve is set to announce its interest rate decision today at 2 p.m. ET, and markets have largely priced in a 25 basis point hike to 3.75% to 4.00%. The CME FedWatch tool shows a 92.3% probability of this outcome.
A rate hike would put pressure on risk assets, including crypto and DeFi tokens, potentially hurting token fundraising and DEX/CEX volumes.
This could also limit near-term adoption and price upside for cryptocurrencies absent clearer guidance from the Fed.