Fed raises rates to 3.75–4.00%, first hike since 2023
- —Rate raised by 25 bps to 3.75–4.00%, first hike since July 2023
- —86 of 101 Reuters economists expected the increase, market priced 85–93%
- —August core CPI at 0.29% month-on-month, inflation remains above the 2% target
- —Most economists expect at least one more hike before March 2027
Why it matters: Rising rates increase the opportunity cost of speculative assets and pressure bitcoin and DeFi yields, as in the 2022–2023 cycle.
Source: Crypto Briefing