On Thursday, September 21, the Federal Reserve is set to make its long-awaited interest rate decision, accompanied by a press conference. At the moment, the Chicago Mercantile Exchange (CME) indicates a high probability, about 99%, that the Fed will maintain existing interest rates. What will be scrutinized, however, is the Federal Reserve Chairman’s speech, which is expected to provide insight into future economic trends.
Recent reports from CoinCu suggest that the Federal Reserve has been struggling with differences of opinion among its officials. Some members have expressed concerns about inflation, while others have advocated a temporary halt to rate hikes. The timing of a potential rate hike is also up for debate, with analysts suggesting a 25 basis point rate hike at the upcoming meeting, which would potentially push the interest rate target range to 5.25-5.50%. Earlier, Federal Reserve Vice Chairman for Supervision Michael S. Barr reportedly emphasized the need for caution and oversight in the development of central bank digital currencies (CBDCs) and stable coins.