Fed Raises Rates 25bps to 3.75%-4%, Says Hikes Will Return Inflation to 2%

The Fed's insistence that further hikes will bring inflation to 2% signals it is still prioritizing credibility over growth, even as the cumulative tightening works through the system. For crypto and RWA markets, the immediate read is that the cost of capital stays elevated, which tends to weigh on risk assets and tokenized yield products alike. The open question is whether the Fed's own tightening eventually forces a pause it is not yet signaling.