The Federal Reserve hiked rates by 25 basis points as expected, raising the federal funds target range to 3.75%–4.00%. This was the first rate hike since July 2023, and all 12 votes approved it unanimously.
The dot plot also suggests that another hike could be coming later this year. In the statement, it said inflation is still high and domestic spending has remained resilient. This move is intended to return to the 2% target more quickly. After the decision, BTC roughly hovered around $75.7K; volatility was there, but it didn’t immediately plunge.
The macro path matters even more than those 25bp—rates remaining elevated continues to pressure assets with no yield. $BTC #美联储 # rate hike
The dot plot also suggests that another hike could be coming later this year. In the statement, it said inflation is still high and domestic spending has remained resilient. This move is intended to return to the 2% target more quickly. After the decision, BTC roughly hovered around $75.7K; volatility was there, but it didn’t immediately plunge.
The macro path matters even more than those 25bp—rates remaining elevated continues to pressure assets with no yield. $BTC #美联储 # rate hike
