The Federal Reserve announces it will maintain the benchmark interest rate in the range of 4.25%-4.50%, meeting market expectations.
The pace of balance sheet reduction will slow starting in April (the cap on U.S. Treasury sales will decrease from $25 billion/month to $5 billion/month), and the dot plot suggests two rate cuts in 2025, with Powell stating 'there's no need to rush into action', as the market bets the likelihood of a rate cut in June rises to 64%.
Trump confirms attendance at the New York Digital Assets Summit (DAS) on March 20, planning to announce a 'Strategic Bitcoin Reserve' policy aimed at accumulating assets for the U.S. by hoarding BTC.
The SEC's cryptocurrency working group will hold its first roundtable on March 21 to discuss asset classification and compliance frameworks.