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Fed holds rates steady with no forward guidance, pressuring Bitcoin amid expected year-end hike.

Market News
18 Jun 2026
Benzinga
View Source
Bearish
pluang ai news

At his first FOMC meeting, Fed Chair Kevin Warsh kept interest rates unchanged and avoided giving forward guidance, leaving markets to anticipate a rate hike by the end of the year. This stance, combined with a strengthening US dollar and persistent inflation above 2%, creates a challenging environment for Bitcoin, which typically benefits from looser monetary policy. Analysts highlight that rising two-year Treasury yields and potential rate hikes could weigh on risk assets like Bitcoin in the near term. The outlook depends on factors like oil prices and inflation cooling to reduce rate hike expectations.

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Investigation launched into Gildan Activewear over alleged revenue inflation and financial engineering.

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