JUST IN: FED RAISES INTEREST RATES BY 25 BPS

The Federal Reserve has delivered a 25-basis-point rate hike, taking the benchmark rate to 3.75%–4.00%.

This marks the Fed’s first rate increase since 2023, as policymakers respond to persistent inflation pressures.
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Now the focus shifts to Fed Chair Kevin Warsh’s guidance and the central bank’s outlook for additional rate moves later this year.
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For crypto traders, the next question is how markets react to the Fed’s updated policy path

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