Inflation vs Banking Stability: What Will the Fed Choose?

The Federal Reserve is set to announce its decision on interest rates, with some analysts predicting a 25 basis point hike while others call for a pause. The crypto market is hoping for a pause to prioritize banking sector stability, while a rate hike could indicate that the Fed has the banking crisis under control and contribute to financial market stability. The Fed's quarterly economic projections and dot plot will also be closely watched, with some expecting a peak rate forecast of around 5.37%. Traders are positioning themselves accordingly, with a rate hike potentially causing a trim in bullish exposure to bitcoin.