Analyst warns of potential market pullback as Fed rate hike probability hits 92.7%
CryptoQuant analyst Axel Adler Jr. reported that CME FedWatch data indicates a 92.7% probability of a 25 basis point rate hike at the September Federal Reserve meeting. Historical data suggests that equity markets often face downward pressure following initial rate hikes, and analysts warn that Bitcoin and US stocks could face further volatility if the Fed signals a more aggressive policy path.
Summaries are written by AI from the original article. Not investment advice.