On the 16th, the U.S. Federal Reserve (FRB) raised the policy interest rate to a range of 3.75% to 4.00%. This rate hike is the first since July 2023, and the decision was unanimous with a 12-0 vote.
In a note dated the 17th, the research division of asset management giant Grayscale expressed the view that this decision is a 'mid-term adjustment rather than a cyclical change.' Zach Pandl, the company's Head of Research, stated that...
