Interest rate futures indicate a 92.7% probability that the Federal Reserve will raise rates this Wednesday. The current target range for the Fed stands between 3.50% and 3.75%, while the CME FedWatch tool shows only a 7.3% chance that rates will remain unchanged.
Kevin Warsh, appointed by Donald Trump and sworn in last May, faces pressure to cut rates despite inflation currently running at 3.4%. Market participants are closely monitoring the upcoming press conference, as analysts suggest the commentary may influence long-term rate expectations more than the specific rate move.
Bitcoin is currently trading near $76 022, reflecting a 1.17% decline over the past 24 hours. Gold has seen a 1.4% increase, reaching approximately $4 340 per ounce. These assets, which do not pay interest, remain sensitive to shifts in monetary policy and rate expectations.
Historical data from September 11 shows high volatility in response to inflation reports. During that session, Bitcoin dropped from roughly $77 100 to $76 050 within a single minute, while gold prices slid from $4 353 to $4 292 before recovering.
