Federal Reserve (FED) · Bitcoin · Kevin Warsh · CoinDesk
Fed raises rates by 25 basis points in first hike since July 2023
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The U.S. Federal Reserve tightened monetary policy for the first time in more than three years on Wednesday.
Key facts
- In a nearly-universally anticipated move, the central bank lifted its benchmark fed funds rate range by 25 basis points to 3.75%-4%
- Fed Chair Kevin Warsh’s post-meeting press conference begins at 2:30 pm ET
- Bitcoin is volatile in the moments following the decision, but currently little changed from before the news at $75,700
- The vote to hike rates was unanimous, and the “dots” signal an expectation for one more rate hike in 2026
Summary
The Fed raised the fed funds rate by 25 basis points to a target range of 3.75% to 4.00%, marking its first hike since July 2023. The vote to raise was unanimous, with the “dots” showing the central bank expects to hike rates one more time in 2026. The U.S. In a nearly-universally anticipated move, the central bank lifted its benchmark fed funds rate range by 25 basis points to 3.75%-4%. The vote to hike rates was unanimous, and the “dots” signal an expectation for one more rate hike in 2026.