Wall Street IBs Shift as Fed Expected to Raise Rates by 0.25%

Major U.S. financial institutions are increasingly forecasting that the Federal Reserve will raise its benchmark interest rate by 0.25 percentage points on March 16 (local time), with market expectations for the hike exceeding 87%. Bitcoin, which briefly surpassed $79,000 the previous day, has since retreated to around $76,000.

According to Bitcoin.com, nine major financial institutions including UBS, HSBC, Barclays, Citigroup, Wells Fargo, Morgan Stanley, Goldman Sachs, Bank of America, and JPMorgan Chase have all predicted this week's Fed rate increase. The Chicago Mercantile Exchange (CME) [...]