The US Federal Reserve in the FOMC meeting today kept interest rates unchanged, as expected.

But the messages were more hawkish:

Expectations point to only one cut this year instead of three.

Inflation is still above the target, and growth is strong.

Markets immediately dropped, and the dollar rose.

This meeting confirms that the tight monetary policy remains in place, and easing may be delayed.

Bitcoin and digital currencies may face temporary pressures in this environment, but volatility will remain the dominant factor.