Fed Rate Cut Speculation Fuels Crypto Volatility

Uncertainty surrounds the potential Federal Reserve (Fed) decision in October, with a 96.7% probability of a 25 basis point rate cut by the U.S. Fed currently predicted by CME Group. However, official confirmation remains pending. This speculation has triggered volatility in crypto markets as investors anticipate economic implications. While the CME’s prediction suggests this rate cut is highly likely, market participants are awaiting official statements from both the Fed and CME to confirm these figures.