[Bitwise Advisor: Despite Market Pricing a 90% Probability of Rate Hike, Still Expects Fed to Hold Steady] BlockBeats News, September 16, Bitwise advisor Jeff Park wrote that despite market pricing indicating about a 90% probability of a Federal Reserve rate hike, he expects Fed Chair Kevin Warsh to ultimately choose to keep rates unchanged. Based on his understanding of Warsh's policy philosophy and the current observed circumstances, holding steady is the decision with the highest expected return. He acknowledges that this judgment could be wrong but believes that when market bets are highly concentrated on the rate hike scenario, the related convexity opportunities are worth paying attention to. [Original Link]