Kevin Warsh’s first press conference as FOMC meeting begins 30 minutes later.

Markets expect the Fed to hold rates at 3.50%–3.75%
So a “no change” decision should surprise nobody.
But Altcoins are not waiting for the rate.
They are waiting for the dot plot.
May CPI accelerated to 4.2%, core inflation rose to 2.9%, and energy prices caused more than 60% of the monthly increase.
That leaves the Fed with very little room to sound aggressively dovish.
Here is what crypto traders need to watch:
→ THE DOT PLOT
If Fed officials remove the final 2026 cut and signal higher-for-longer rates, yields and the dollar could rise.
Bitcoin may absorb the first hit.
Altcoins will probably amplify it.
→ WARSH’S TONE
This is the market’s first real introduction to the Warsh era.
One sentence suggesting inflation remains persistent could trigger a risk-off move.
But if he focuses on falling oil prices and data dependence, markets may see room for future easing.
→ THE FIRST REACTION
Do not watch only the Bitcoin candle.
Watch DXY, the 10-year Treasury yield and Nasdaq futures.
Dollar down + yields down = the cleanest setup for a crypto relief rally.
Dollar up + yields up = pressure on Bitcoin, followed by even greater weakness across altcoins.
The dangerous part?
The first move after FOMC is often not the real move.
Bitcoin can pump on the statement, reverse during the press conference and liquidate both sides before the market picks a direction.
Today is not really about whether rates remain unchanged.
It is about whether liquidity is returning in 2026, or whether altcoins must survive higher rates for even longer.
2 PM gives us the decision.
2:30 PM gives us the real answer.
Stay tuned !