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FED’S WARSH SAYS THE FOMC RAISED RATES BY 25 BASIS POINTS, AS INFLATION REMAINS ELEVATED AND THE ECONOMY APPEARS TO BE STRENGTHENING.

BITCOIN FACES A “DOUBLE WHAMMY” AS THE SENATE FAILS TO ADVANCE THE CLARITY ACT AND THE FED RAISES INTEREST RATES, SENDING BITCOIN AND CRYPTO-RELATED STOCKS LOWER.

FED DOT PLOT DELIVERS HAWKISH HIGHER-FOR-LONGER SIGNAL

The Fed’s new Dot Plot shows 12 of 18 officials expect another 25bp hike by year-end, taking rates to 4.125%, while four see rates reaching 4.375%. The hawkish signal extends well beyond 2026: 14 officials see rates ending 2027 above today’s level, while the 2028 median stands at 3.9% versus 3.4% expected. The longer-run rate also rose to 3.2%, suggesting…

FED’S LONG-RUN RATE FORECAST ALSO RISES TO 3.25% FROM 3.063%, SIGNALING HIGHER EXPECTED RATES OVER THE LONGER TERM.

*FED HIKES RATES 25BPS TO 3.75-4%

FED RAISES RATES 25 BPS TO 3.75%-4.00% TARGET RANGE

*FED HIKES RATES BY 25BPS

FED DOT PLOT COULD SIGNAL ANOTHER 2026 HIKE

The Fed’s updated Dot Plot is expected to show rates ending 2026 near 4.1%, implying another hike after today’s anticipated 25bp increase. The bigger question is 2027: projections may still signal eventual rate cuts even after near-term tightening. Market angle: whether the Fed preserves a 2027 cut could determine whether today’s message is interpreted as…

Economists urge Fed to raise rates despite Trump pressure: FT

A large majority of economists surveyed in the FT-Booth poll say the Federal Reserve should raise borrowing costs, with inflation concerns weighing on the policy outlook.