According to Woofun AI, the Federal Reserve decided to keep the federal funds rate target range unchanged at 3.75%-4%. This macroeconomic policy setting directly caused BTC to once again bear downward pressure after experiencing a brief rebound.
At this interest rate meeting, although most members supported maintaining the status quo, two members, Lisa Cook and Beth Hammack, raised clear objections. It is worth noting that the two members of the committee were in agreement in the September resolution in favor of interest rate hikes, and this time they advocated a further 0.25 percentage point increase, which shows that there are internal differences over the interest rate path.
This policy divergence has brought additional uncertainty to the market, and investors face a more complicated game situation when interpreting the Federal Reserve's signals. According to data compiled by Woofun AI, fluctuations in policy expectations are often directly reflected in price fluctuations of crypto assets, especially in the context of lack of clear guidelines for interest rate cuts, and capital flows tend to be cautious.
Judging from the market reaction, BTC's brief rise failed to form a lasting breakthrough, and then fell back. This trend reflects the market's sensitive reaction to expectations of tightening macro-liquidity. Although interest rates have not changed, hawkish members' voices have strengthened expectations that interest rates will remain high and curtailed the enthusiasm of risk assets to go long. The more critical variable is that policy differences may extend the timeline for monetary policy normalization, making it difficult for the market to form consistent expectations of easing.
Looking ahead, differences within the Federal Reserve may continue to affect market sentiment. This is a time when uncertainty about the policy path was once again highlighted following the September interest rate hike resolution. Investors need to pay close attention to subsequent economic data and members' statements to determine the final direction of the interest rate path.