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CoinEx News: The U.S. Federal Reserve’s interest rate decision from its July 28-29 meeting will be released at 2:00 p.m. Eastern Time on July 29. A Reuters survey of 104 economists showed every one of them expects the Fed to keep the key rate in the current 3.50%–3.75% range. Futures markets, however, have priced roughly 30% odds of a 0.25% hike, mainly because of higher oil prices from Middle East tensions and uncertainty about how new Fed Chair Kevin Warsh will respond. If the Fed holds rates but sounds more worried about inflation, or leaves the door open for a possible September hike, the U.S. dollar tends to strengthen. A stronger dollar and higher rate expectations usually put pressure on risk assets.
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