Fed Rate Hike Odds in Limbo Ahead of September Meeting

The upcoming Federal Reserve meeting has sparked uncertainty among markets, with odds of a rate hike standing at 49% for a hold and 47% for a 25-basis-point increase. This close probability reflects competing inflation and growth signals.

Lower oil prices could reduce near-term price pressure, but several Fed officials still want clearer evidence that inflation is easing. Governor Lisa Cook said she could support higher rates unless inflation cools soon, while San Francisco Fed President Mary Daly supports patience while assessing more data.

The Wall Street forecast roundup carries the same divide, with some banks expecting a September hike and others predicting no move at all. Bitcoin price has held near $64,500 as traders weigh tighter policy against softer growth signals.