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06/20 07:08

Bitcoin and Stocks Hit Session Lows as Warsh’s Fir

#World Cup Predictions: 100,000 USDT Daily #TradFi Trading Strategies Sharing Challenge #HTX Creation Challenge — Post and Win 1,500U 💥 Bitcoin and Stocks Hit Session Lows as Warsh’s First Fed Meeting Pencils In a 2026 Rate HikeThere was no dovish lifeline in the new chair's debut. With the dot plot flipping from a cut to a hike and the easing bias stripped from the statement, Gold dropped, BTC fell 1.6% to $64,600, the Nasdaq and S&P 500 each shed more than 1%, and the two-year Treasury yield jumped 14 basis points. Anyone waiting for Kevin Warsh to hand markets a dovish lifeline in his first outing as Federal Reserve chair came away empty. The Fed held its benchmark rate steady at 3.50% to 3.75% on Wednesday, as everyone expected, but the meeting was never really about the hold. It was about the message, and the message was that the next move in rates is more likely to be up than down. By Wednesday afternoon, risk assets had heard it loud and clear. Bitcoin, Gold and stocks fall to session lows as Warsh wraps up About half an hour before the closing bell, the Nasdaq and the S&P 500 were each off more than 1%, sitting near their session lows. Bitcoin was down 1.6% at $64,600, slipping back into theThe bond market did the clearest talking. The two-year Treasury yield, the maturity most sensitive to Fed policy, soared 14 basis points to 4.19%, while the 10-year added four basis points to 4.46%. Interest-rate traders responded by repricing the odds of a July hike to about 28%, up from just 8% before the decision, according to CME Group’s FedWatch tool. Push the horizon out to year-end and the market now assigns roughly an 80% probability to at least one hike in 2026. This is the repricing BNC flagged last month, when a bond-market revolt first dragged the Fed’s next move from a cut to a possible hike. Wednesday made it official. The dot plot did the talking Warsh skipped forward guidance, which is in character. He has long been skeptical of telling markets where
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