CME FedWatch data show a 92.7% probability that the Federal Reserve will raise interest rates by 25 basis points at its September meeting, potentially lifting the target range to 3.75%-4.00%. Axel Adler Jr. said seven initial rate hikes since 1988 were followed by S&P 500 declines six weeks later in five cases, with an average loss of 2.83%. Markets have largely priced in the expected hike, but signals of faster increases or a longer period of elevated rates could add pressure to U.S. stocks and Bitcoin.