Federal Reserve keeps interest rates unchanged in Kevin Warsh's first meeting - Cryptopolitan

Crypto Insight Summary: * The Fed held rates at 3.5% to 3.75% in a unanimous 12-0 vote. * Nine policymakers now expect rate hikes this year, while eight support no change and one favors a cut. * Officials said inflation remains too high, with the Middle East conflict and rising energy costs adding pressure. * Kevin Warsh’s influence is already visible in the shorter statement, which removed guidance on future rate moves and highlighted strong productivity and investment. 19:00 Fed holds rates steady as policymakers turn sharply more hawkish The Federal Reserve kept its benchmark interest rate at 3.5% to 3.75% in Federal Reserve Chair Kevin Warsh’s first meeting, with all 12 voting members supporting the decision. The central bank also reaffirmed its plan to keep enough reserves available across the banking system as it works toward maximum employment and stable prices. Officials said the U.S. economy continues to grow at a solid pace, even as uncertainty remains high partly because of the conflict in the Middle East. Inflation remains above the Fed’s 2% target, with officials pointing to supply disruptions that have pushed up prices in areas such as energy. Nine of the central bank’s 19 policymakers now expect at least one rate increase in 2026, compared with none when the projections were last released three months ago. Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Major Impact Horizon: Mid-term (1-8 weeks) Reasoning: Fed maintaining high rates and signaling potential hikes increases market risk aversion, pressuring crypto valuations.