Fed Rate Decision Due at 2 p.m. ET; Traders See Hold as Near Certain

The near-certain hold means the decision itself carries little information; the signal sits in the statement and any guidance on the path ahead. That framing matters most for rate-sensitive risk assets, where Bitcoin and equities have tended to trade on expectations rather than the realized outcome. With a hold already priced, the open question is whether the accompanying language shifts the timeline traders are working with.