Bitcoin Traders Eye Fed as October Rate Call Nears

Crypto markets are locked on the Federal Reserve’s October meeting. The decision is due on the 28th at 9 p.m. Turkish time, followed by remarks from Chair Kevin Warsh.

CME FedWatch now puts the odds of rates staying at 3.75–4.00 % at 90.6 %, with only a 9.4 % chance of a 25-basis-point hike. A month earlier, markets had priced in a 64.2 % probability of tightening.

PIMCO expects a hold this month but sees a possible December increase. After the December meeting, the chance of rates above the current range stands at 74.2 %.

Bitcoin will react to Warsh’s tone: any hint of further tightening could strengthen the dollar and yields, while a clear wait-and-see stance may lift risk appetite.

Based on information from cryptonews.net