CME Predicts Near-Certain October Rate Cut, Impacting Crypto Markets

The CME’s ‘Fed Watch’ predicts a near-certain 25 basis point Federal Reserve interest rate cut in October. This move could impact financial markets significantly as rates potentially decrease by another 25 basis points in December with 98.6% probability. Experts believe this change, driven by economic expectations of growth and market adjustments, will affect cryptocurrency markets by boosting overall optimism and influencing asset valuations.