Finance News
By Sydney TheCMO
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Dot Plot, PCE, and the Unemployment Shift. The economic projections that came alongside the decision filled in more of the picture.
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White House Pushes Back, Crypto Takes a Hit. Not everyone's on board. White House adviser Christopher Phelan came out against the hike, citing…
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What Warsh Says Next Will Matter. The internal Fed debate isn't fully resolved. Some officials remain cautious — recent data showing…
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The Federal Reserve raised rates by 0.25% Wednesday. All 12 voting members backed it, pushing the target range to 3.75%–4.00% — the first hike since 2023.
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That's a clean sweep. No dissents, no drama at the table. And the move itself wasn't the real story.
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The statement itself got a quiet but notable rewrite. Gone are the earlier references to inflation driven by supply shocks — energy prices, that kind of thing.
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The economic projections that came alongside the decision filled in more of the picture. Core Personal Consumption Expenditures inflation — the Fed's preferred gauge — is now…
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The Fed also quietly shifted its geopolitical language. Specific references to Middle East conflicts got replaced with broader mentions of geopolitical developments.
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Chair Kevin Warsh — who took over from Jerome Powell and hasn't cut rates once since — is set to hold a press conference. Traders are watching it closely.
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Not everyone's on board. White House adviser Christopher Phelan came out against the hike, citing declining inflation data as a reason to hold off.
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Read also: Senate Kills Clarity Act, Bitcoin Plummets to $75,960 in Swift Selloff
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For crypto, the week's been rough. Bitcoin and XRP both took hits after the Senate rejected the CLARITY Act, a bill that would have defined regulatory oversight for digital assets.
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But Bitcoin bounced. After the Fed's announcement, it climbed from around $75,350 to over $76,100 pretty fast, settling near $76,152 — a 0.7% gain in 24 hours.
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Gold didn't hold up as well. Prices initially rose on the news, then dropped back, settling near $4,333.
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The internal Fed debate isn't fully resolved. Some officials remain cautious — recent data showing a slowdown in inflation has given the doves something to point to.
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