93% Chance of a Fed Rate Hike Today. What Happens to Bitcoin Now?

Interest rate futures put a 92.7% chance on the Federal Reserve raising rates on Wednesday. That leaves traders worried across both the crypto and stock markets. Because Donald Trump appointed Kevin Warsh with one single promise: cut interest rates.

But Warsh can’t deliver that with inflation running at 3.4% So, how will the market react, and which way will Bitcoin move? Why a Pause is the Closest thing Warsh can give Trump The Fed’s target range sits at 3.50% to 3.75%.

The CME FedWatch tool put the odds of no change at 7.3% on Wednesday morning, with zero odds of a cut. September Rate Odds. Source: CME FedWatch Tool Trump picked Warsh for the job and watched him sworn in at the White House in May.

Even ahead of the swearing-in, the president was already treating his would-be chair as an ally.