Fed dot plot hints at possible rate hike next year
- —Rate raised by 0.25 pp to 3.75–4.00%, decision unanimous
- —Median rate forecast for end of this year and next year is 4.1%
- —At least 4 FOMC members expect a higher rate next year
- —10-year US Treasury yield rose to 5.00%
Why it matters: The Fed's continued hawkish stance weighs on risk assets, including crypto, and reduces expectations of near-term policy easing.
Source: Bloomingbit