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Crypto Catalysts: Rate Hike Looms as FOMC Begins Latest Monetary Policy Deliberations

The U.S. central bank has been telegraphing its intent to renew rate hikes for weeks. The Personal Consumption Expenditures report arrives Friday, but cryptos and other risk-on assets have been largely immune to macro events.

Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in 2022. (Helene Braun/CoinDesk)
Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in 2022. (Helene Braun/CoinDesk)