BlackRock: Fed rate hike may not curb inflation in energy, healthcare and education
- —The Fed raised rates 25 bps to 3.75-4% on September 16, the first hike since July 2023
- —The FOMC decision was unanimous — 12 votes in favor
- —The median rate forecast for end-2026 is 4.125%, allowing for one more hike
- —The Dow Jones fell 631.21 points after the meeting
Why it matters: The signal that Fed tightening may not fully curb inflation sustains rate uncertainty and weighs on risk assets, including crypto.
Source: Blockmedia