The Fed may pause in October and raise rates in December

Economist Neil Dutta suggests that a Fed pause in October increases the likelihood of a rate hike in December. Higher interest rates in the United States strengthen the dollar and put pressure on risk assets—such as stocks and cryptocurrencies—globally.

If you hold tech stocks or cryptocurrencies in your portfolio, a Fed rate hike in December could create downward pressure. It is worth monitoring how this scenario unfolds before making any long-term decisions.