US and Japanese Monetary Policy to Be Decided Within 48 Hours | Analysis of Impact on Crypto Based on Past Cases

US and Japanese monetary policy decisions are expected to emerge within 48 hours, with developments at the Federal Reserve and the Bank of Japan reportedly set to affect the cryptocurrency market.

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The story

UBS Global Wealth Management is reportedly revising its view to expect the Federal Reserve to raise rates by 0.25% in both September and December. The cited rationale includes hawkish messaging in a speech by Fed Chair Warsh at Jackson Hole, inflation risks arising from supply bottlenecks, and the strength of the August employment report. CME FedWatch puts the probability of a September rate hike at approximately 58%.

At a glance

DateThe probability of a 0.25% rate hike at the FOMC meeting on 15–16 September is estimated at approximately 58%.

GroundsThe cited factors include Chair Warsh’s speech and the effects of supply bottlenecks and the August employment report.

Other companiesCitigroup and Macquarie have also revised their forecasts following the employment report.

CPIThe August CPI is scheduled to be released on 11 September.

Bank of JapanThe Bank of Japan’s Monetary Policy Meeting is scheduled for 17–18 September, with the schedule reportedly beginning the day after the FOMC.

Reference information. Every claim resolves to something the story actually named.

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All of them report the same thing.

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