September Fed Rate Cut Odds Plunge to 43% — Is Bitcoin’s Next Bull Run on Shaky Ground or Ready to Explode?
“For the time being, we’re well-positioned to learn more about the likely course of the economy and the evolving balance of risks before adjusting our policy stance.”
The market quickly repriced the September rate cuts expectations following his statement.
Fed rate cuts expectations dip
Source: CME Fed Watch tool
Before the July Fed rate decision, the odds of September rate cuts were above 63%.
As of press time, the chance for a 25 bps cut dropped to 43% while another steady rate (4.25%-4.50%) expectation surged to 57%.
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