#WarshDebutsAsFedHoldsRatesSteady

First gavel falls, rates stay put. Kevin Warsh led his first Fed meeting June 17, and left rates at 3.5% to 3.75%.

Inflation had just hit a three-year high, so a hold was widely expected. The Fed said risks remain high, with oil shocks and war in the Middle East clouding the view. Warsh dropped old forward guidance and said policy will follow fresh data, meeting by meeting.

The tone was hawkish. Nine of 18 Fed officials now see at least one hike before year-end 2026, a clear turn from March when cuts were still on the table. Big banks now look for hikes in Sep, Oct and Dec.

Markets felt it fast. Bitcoin slid, US stocks fell, gold dropped too. Yields rose as traders priced out cuts for 2026.

Warsh said he will keep the best of Fed tradition while pushing for reform and clear talk. President Trump said he backs Warsh, after years of fights with the prior chair.

For traders on Gate:
Risk assets wobble when rates stay high. BTC moves with stocks on Fed days, keep size small.
A hawkish Fed lifts the dollar, often hits crypto and gold short term.
Use stops into FOMC prints. Vol can spike in minutes.
Cash yield stays attractive at 3.5%+, so idle USDT in Earn looks fair while you wait.

Bottom line: Warsh debuts with a hold, but with a hawkish tilt. No cuts soon, hikes are back on the table. Trade with care, stay liquid, let macro cool before chasing risk.