Federal Reserve Rate Hike Odds Surge to 87% Amid Inflation Concerns
The Federal Reserve is gearing up for a significant policy decision as markets now predict an 87% chance of a rate hike at the upcoming September 15-16 meeting. This shift comes after August's Consumer Price Index (CPI) data showed inflation remaining above the Fed's 2% target.
With Bitcoin trading near $77,256, market participants are closely watching how higher interest rates could impact the cryptocurrency landscape.