Crypto rallied during Warsh’s press conference as the Fed delivered a hawkish pause, holding rates at 3.75%–4%.
The decision wasn’t unanimous, with Cook and Hammack pushing for another 25 bps hike.
Warsh says inflation remains elevated, but the Fed wants more data before its next move. December is still wide open.
The Fed will also cut rate-setting meetings to 7 in 2027 and 6 in 2028.
Hawkish tone, no rush to hike. Crypto bulls are watching closely.
The decision wasn’t unanimous, with Cook and Hammack pushing for another 25 bps hike.
Warsh says inflation remains elevated, but the Fed wants more data before its next move. December is still wide open.
The Fed will also cut rate-setting meetings to 7 in 2027 and 6 in 2028.
Hawkish tone, no rush to hike. Crypto bulls are watching closely.
