Fed Decision Looms Amid Oil Price Volatility and Crypto Regulatory Uncertainty

The Federal Reserve's rate decision and Summary of Economic Projections are set to be released at 02:00 Beijing time on September 17, followed by a press conference at 02:30. Bloomberg reported that meeting-linked interest-rate swaps largely priced in a 25-basis-point increase, which would lift the federal funds target range to 3.75%, 4.00%. The decision remains pending at this edition's cutoff.

Investors will assess the dot plot and the Fed's view of how rising energy costs affect inflation and growth. A hawkish guidance could pressure technology valuations and crypto risk appetite, while a milder path could provide relief.

The US energy secretary said the East-West pipeline could return within days, but repair and loading timelines remain uncertain. Disrupted deliveries support oil prices while increasing procurement and transport costs, creating contrasting earnings implications for energy producers and fuel-intensive businesses.