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.
