🚨 It has just been made official
The Federal Reserve (Fed) raised interest rates by 25 basis points, bringing them to a new range of 3.75% to 4.00%.
This decision, made unanimously by the 12 members of the Federal Open Market Committee (FOMC), marks the first rate increase in more than three years.
🔍 The reasons and what’s next according to the announcement:
Fed Chair Kevin Warsh made it clear that price pressures remain too widespread and elevated to ease off. Inflation driven by the energy crisis stemming from the conflict with Iran and massive spending on Artificial Intelligence infrastructure have forced this drastic move.
The quarterly forecast report (dot plot) showed that 16 of the 18 Fed officials believe at least one additional hike is necessary before the year ends, projecting that rates will finish 2026 in the 4.00% to 4.25% range. Experts estimate that the Fed will skip the October meeting due to the elections and apply the next increase in December.
$SYN $SOL $BTC
The Federal Reserve (Fed) raised interest rates by 25 basis points, bringing them to a new range of 3.75% to 4.00%.
This decision, made unanimously by the 12 members of the Federal Open Market Committee (FOMC), marks the first rate increase in more than three years.
🔍 The reasons and what’s next according to the announcement:
Fed Chair Kevin Warsh made it clear that price pressures remain too widespread and elevated to ease off. Inflation driven by the energy crisis stemming from the conflict with Iran and massive spending on Artificial Intelligence infrastructure have forced this drastic move.
The quarterly forecast report (dot plot) showed that 16 of the 18 Fed officials believe at least one additional hike is necessary before the year ends, projecting that rates will finish 2026 in the 4.00% to 4.25% range. Experts estimate that the Fed will skip the October meeting due to the elections and apply the next increase in December.
$SYN $SOL $BTC
