Dissents and more: 3 things to watch for at today's Fed meeting: Crypto Daily
Summary
The Federal Reserve is expected to hold its benchmark rate at 3.75%–4%. Markets will focus on any dissent favoring a hike and on Chair Kevin Warsh’s remarks about easing financial conditions and persistent inflation, including elevated oil and diesel prices. A more hawkish tone could strengthen the dollar and weigh on bitcoin and other risk assets. Bitcoin was up more than 2% ahead of the decision, alongside gains in ether, solana and XRP. The dollar’s reaction to Warsh’s comments may influence broader markets, including cryptocurrencies.
