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Fed Preview: Bitcoin Investors to Look Past Jumbo Rate Hike and Focus on Economic Assessment and Borrowing Cost Estimates

The economy has remained stronger than policymakers expected in July. So hawkish risk is that Federal Reserve Chair Jerome Powell says the inflation fight is still in early stages, implying a higher terminal or peak rate.

The Fed is likely to deliver its third consecutive super-sized rate hike on Wednesday. (Jesse Hamilton/CoinDesk)
The Fed is likely to deliver its third consecutive super-sized rate hike on Wednesday. (Jesse Hamilton/CoinDesk)