White House calls Fed rate hike 'highly regrettable'
- —Rate raised by 25 bps to 3.75–4%, first time since July 2023
- —Decision was unanimous; Fed Chair Kevin Warsh was appointed by Trump in May
- —Inflation has been above the 2% target for more than five years; analysts expect further hikes by year-end
Why it matters: Rising rates increase the risk-free yield and weigh on crypto; the White House-Fed conflict adds uncertainty to markets.
Source: Crypto Briefing