The Fed has raised interest rates by 25bps for the first time since July 2023. What’s even more interesting is that it was a unanimous 12-0 decision. ➡️ the main concern is still inflation with the conflict in the Middle East and higher energy prices adding even more pressure. They’re now projecting one more rate hike this year. By being completely united, they’re also sending a clear signal despite Trump pushing for lower rates: • Inflation needs to come down. The market obviously priced in the hike, but I’m surprised crypto barely flinched. $BTC still around $76k ETH around $2.4k We still don’t have a clear direction for the next few days, so we could definitely see strong moves either way Last time the reaction was actually delayed and the bigger move came a few days later so let’s not celebrate too early But right now, crypto is holding up pretty impressively.