The Federal Reserve will announce its FOMC interest rate decision today at 2:00 PM ET. Fed Chair Kevin Warsh holds his press conference shortly after, at 2:30 PM ET. Money markets are pricing a more than 90% probability that the Federal Reserve will raise interest rates by 25 basis points today, according to CME’s FedWatch tool.Cryptocurrencies remain under pressure after the US Senate failed to pass the contested CLARITY Act, adding to uncertainty ahead of today’s Fed decision.

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