Huobi HTX Analyst: Fed’s Hawkish Shift Rebuilds Policy Credibility

The unanimous vote and dot plot signal a Fed more focused on institutional credibility than on near-term growth risks, which matters for risk assets that had priced an earlier pivot. Higher Treasury yields and a firmer dollar tighten global liquidity conditions, a headwind crypto and other dollar-sensitive markets cannot ignore. The open question is whether this hawkish posture holds if growth forecasts start to slip, or whether credibility concerns fade once inflation data cooperate.