Crypto Markets Await Federal Reserve Rate Decision on December 18
Cryptocurrency markets remained stable through the weekend as traders prepare for the Federal Open Market Committee's monetary policy meeting on Wednesday, December 18. Markets assign an 88.4% probability to a 25-basis-point rate cut, which would lower the federal funds rate to 3.5%–3.75%. Key labor market data releases this week include job openings data on Tuesday and initial jobless claims on Thursday.