[Jiang Zhuoer: Fed rate hike has been priced in by mature markets like U.S. stocks, but crypto markets may be relatively underpriced] BlockBeats News, September 15, Jiang Zhuoer, founder of the mining pool BTC.TOP, posted that with less than 48 hours until the Federal Reserve's interest rate meeting, the probability of a 25 basis point rate hike has risen to 91.8%. He believes the current suspense is no longer about whether the rate hike will happen, but rather the degree of hawkish or dovish stance the Fed will take after the hike. Jiang Zhuoer stated that since 1994, when the Fed began announcing interest rate decisions in real-time and the CME futures implied probabilities became widely used, there has never been a precedent where the probability of a rate hike reached the current level but the hike did not occur. Based on historical pricing one week before the meeting, as long as the market prices in at least 16 basis points, or approximately a 64% probability of a rate hike, the Fed has always chosen to raise rates. He noted that if the Fed decides not to raise rates due to political factors, it usually manages market expectations in advance through official statements or media leaks to avoid significant deviations from pricing that could trigger financial market turbulence. While rate hike expectations have already been priced in by mature markets like U.S. stocks, the crypto market, due to its higher retail investor participation, may be relatively underpriced in this regard. [Original link]