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Cloudy Fed Rate Path Keeps Crypto Investors Guessing

Before the Federal Reserve's policy meeting next week, investors wait for further clues to determine the course of US interest rates and digital assets.

Photo by Kanchanara / Unsplash

After ten consecutive rate hikes, markets now anticipate a 62% likelihood that the US central bank will pause at its June 13-14 policy meet, as shown by the CME Group's FedWatch tool.

But the tool shows a 70% chance of higher rates in July.

"There will be a plethora of market-moving data out next week. I'm trying to be more strategic about taking chances at the moment," said a chief investment advisor at a boutique alternative investment fund house in New York.

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