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The Federal Reserve is widely expected to raise interest rates Wednesday for the first time since 2023, and markets have already priced the move in. That is exactly what makes the hike itself almost beside the point.
The real question, for Bitcoin and broader crypto assets, is what the Fed's updated rate projections say about what comes next.
CME FedWatch data, cited by Reuters, puts the probability of a 25-basis-point increase at 92.7%, up sharply from 61.2% a week ago.
A Reuters poll published Monday found 86 of 101 economists surveyed expected the same outcome. At that level of consensus, a quarter-point hike to 3.75% to 4.00% carries little new information on its own.
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