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QCP: Market Stabilizes After Hawkish Fed Decision, Short-Term Digital Asset Resilience Remains to Be Confirmed

Source: www.qcpgroup.com Event types: Online/Update
QCP Capital stated that the Federal Reserve kept interest rates unchanged at 3.50%-3.75%, but as three committee members supported a rate hike and Chairman Warsh downplayed explicit forward guidance, the overall stance was hawkish. The market briefly reassessed the interest rate path; U.S. stocks fell after the rate decision was announced, then rebounded driven by corporate earnings, with Microsoft leading the gains; Bitcoin also briefly weakened around the meeting, before stabilizing near $64,000.

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