Fed hikes rates by 25bp to 3.75–4.00%, first increase since 2023
- —Rate raised 25bp to 3.75–4.00% in a unanimous 12-0 FOMC vote
- —Median FOMC projection: 4.1% by end-2026 and end-2027, 3.9% by end-2028
- —S&P 500 fell 0.4%, Dow Jones 1.2%; 2-year Treasury yield rose to 4.74%
- —US August CPI up 3.4% year-on-year; energy +16.3%, gasoline +27.4%
Why it matters: Tighter Fed policy pressures risk assets, but crypto held up — BTC and ETH direction now hinges on upcoming inflation and jobs data.
Source: TokenPost