Fed Set for 25-Point Rate Hike as Inflation Fears Rise

The Federal Reserve is set to address interest rates on Wednesday, and market analysts are anticipating a 25-basis-point hike. This move aims to curb inflation, which has been rising due to the prolonged conflict in the Middle East.

A recent shift in sentiment has led the CME FedWatch tool to project a 66.4% probability of a rate increase this month, up from last week's expectations of the opposite outcome.

According to Birling Capital's president, an interest rate hike is highly likely, and this uncertainty is affecting both high-growth stocks and Bitcoin, which has continued to behave like a high-beta macro asset during times of stress.