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Fedwatch Turns Hawkish With 57% Odds of September Rate Increase

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: September suddenly looks far less comfortable for rate-cut bulls, with the CME Fedwatch tool now pricing a quarter-point Federal Reserve hike at 57% at the upcoming Federal Open Market Committee (FOMC) meeting, after Chairman Kevin Warsh delivered a Jackson Hole speech that markets took as distinctly hawkish. The real action is now centered on the […] Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH / Bearish ALT Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Fed hawkish stance likely to drive risk-off sentiment, pressuring crypto markets.

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