1 hour ago
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Key Takeaways
- The Fed held rates at 3.50% to 3.75%, a fourth straight pause.
- Bitcoin dipped toward $64,750 on the decision, then recovered within the hour.
- BTC trades near $65,550, holding above its clustered moving averages.
Bitcoin absorbed a hawkish Federal Reserve with barely a flinch, dipping briefly on the rate decision before buyers reclaimed the level inside a single hour.
A Hawkish Hold, and a Quick Shakeout
At its June meeting, the first chaired by newly appointed Fed Chair Kevin Warsh, the FOMC held the federal funds rate at 3.50% to 3.75%, a fourth consecutive pause that markets had priced as near-certain. The surprise was not the rate but the tone. The committee stripped the easing bias from its statement and revised its dot plot sharply higher, lifting the median year-end projection to 3.8% from the 3.4% pencilled in March, with nine of eighteen officials now seeing at least one hike before year-end.
That is a meaningful hawkish shi...
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