Trump demands rate cut to 1% after Fed hikes to 4%
- —Fed raised rates to 3.75–4% for the first time since 2023, decision unanimous
- —16 of 18 FOMC members expect another hike by year-end
- —Trump demanded a cut to 1% and threatened to sever trade with surplus countries
- —Bitcoin briefly rose after the decision but remained down for the day
Why it matters: Trump's pressure on the Fed adds uncertainty over rates, affecting Bitcoin and risk-asset volatility.
Source: BeInCrypto DE