Six days until the next FOMC decision. Markets currently price a 62.2% probability of a 25bp rate hike, but tomorrow’s US CPI report could materially shift those expectations. The inflation data may provide the next major directional catalyst for risk assets, including #Bitcoin. Volatility ahead. #BTC #Crypto #FOMC #Inflation Whilst traders are pricing roughly a 60% chance of a hike, most economists still expect the Fed to hold, making tomorrow’s CPI especially important.
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