According to New Fire Research Institute, on July 29, the Federal Reserve FOMC voted 9 to 3 to keep the federal funds rate unchanged at 3.50%–3.75%. After the meeting, CME FedWatch showed that the market's probability expectation for a rate hike in September dropped from nearly 80% to around 65%. Risk assets like Bitcoin ($BTC) regained some ground in the short term. New Fire Research Institute believes that energy prices and geopolitical conflicts remain the key risk variables affecting inflation and the interest rate path in the second half of the year. In terms of trading data, New Fire Group's OTC (over-the-counter) trading volume in July increased by 257% compared to June, hitting a new historical high. Notably, trading volume during the week surrounding the FOMC meeting grew approximately 79% compared to the same period in June. https://(wublock123.com)/news/fed-keeps-rates-steady-september-rate-hike-probability-65-65660