The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.
On July 27, 2022, the Federal Reserve went through with another 75-bp rate hike. This was broadly expected going into the meeting, with the market assigning a 76.3% probability of a 75-bp hike one hour prior to the meeting, with a (previously) 23.7% chance of a 100-bp (1.0%) rate hike taking place. After the meeting and press conference, the latest market data puts the most favorable odds on 100 bps of hiking left to do by the end of the year, across three more FOMC meetings.
Chicago Mercantile Exchange FedWatch Tool