According to data from CME's "Fed Watch", there's an 85.5% probability that the U.S. Federal Reserve will hold interest rates steady at the range of 5.25%-5.50% in January of the upcoming year. This information, reported by BlockBeats on December 24, also indicates a 14.5% likelihood of a rate cut by 25 basis points.
This high chance of rate retention demonstrates the Federal Reserve's ongoing efforts to balance economic growth and inflation in the U.S amidst the impacts of the pandemic and other macroeconomic factors. The decision will likely have significant implications for the financial markets, including those in the cryptocurrency domain, as interest rates play a crucial role in influencing investor behavior in risk-on and risk-off environments.
