Crypto Market Awaits FOMC Decision as Rate Hike Odds Climb to 64%

Markets are pricing 64% odds of a Fed rate hike before July 2027, up from 16% last month, as hot inflation data shifts sentiment. The FOMC decision on June 17 is the key event this week for crypto.

• Nearly 40% of fund managers now expect at least one rate hike in the next year, up from 16% last month
• US CPI rose 4.2% year-over-year in May, up from 3.8% in April
• Higher rates tend to reduce liquidity in crypto as investors move to safer assets
• The Bank of Japan and European Central Bank have also raised rates recently
• CME FedWatch shows 99.6% odds rates will stay unchanged at the June 17 meeting

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