The US Federal Reserve's FOMC maintained interest rates with a 9-3 vote, marking the first time in a decade three members dissented, preferring a quarter-point hike. Fed Chair Kevin Warsh emphasized focusing on overall trends and fostering internal debate, while inflation and geopolitical events continue to influence policy.
The Federal Reserve maintained interest rates between 3.50% and 3.75% despite three dissenting votes, heightening scrutiny on Chairman Kevin Warsh's strategy to reduce inflation to the 2% target.
The Federal Reserve's FOMC statement has been significantly shortened under new Chair Kevin Warsh, with the latest release containing around 130 words compared to over 300 in previous meetings. Warsh stated the change aims for a simpler, fact-based communication, removing forward guidance.
Federal Reserve Chair Kevin Warsh may skip the upcoming "dot plot" release, a quarterly update on interest rate projections. This move, if it occurs, would break 14 years of tradition and could signal a shift in the Fed's communication strategy.
Bitcoin's macro setup has shifted from expecting rate cuts to anticipating a potential Fed hike in December 2026. This change, driven by rising Treasury yields and a stronger dollar, is testing ETF-era demand and Bitcoin's $76,000-$77,000 support zone.
New Federal Reserve Chair Kevin Warsh is expected to face significant opposition from the Federal Open Market Committee regarding his potential push for interest rate cuts, as inflation surges and other officials signal a preference for rate hikes. Warsh's past calls for 'family fights' over policy may prove challenging.
Federal Reserve Governor Stephen Miran resigns as new Chair Kevin Warsh prepares to take office, citing confidence in Warsh's potential changes to communications, balance sheet policy, and adherence to the Fed's mandate.
Hong Kong’s monetary authority held its base rate at 4% following the US Federal Reserve’s decision to keep its target rate in the 3.5-3.75% range. Fed chairman Jerome Powell said he would remain on the Fed board after his term ends on May 15 due to President Donald Trump’s legal battle against him. Analysts said the inflationary impact of the US-Israel war with Iran had reduced chances of a rate cut this year.
The Federal Reserve maintained interest rates at 3.5-3.75% citing upside inflation risks from rising global energy prices and Middle East uncertainty. Four of 12 FOMC members dissented—the highest since 1992—with Stephen Miran advocating for a cut while others objected to the policy statement's rate cut indication. Oil prices have climbed above $110/barrel from $70 before the US-Iran conflict began February 28.
