"Federal Reserve Maintains Interest Rates, Holds Steady on Rate Cut Outlook"

The U.S. Federal Reserve maintained interest rates at 5.25%-5.5% and projected three rate cuts for this year, in line with market expectations. The decision alleviated concerns of a more hawkish stance, with the Fed's projection for interest rates in 2024 remaining unchanged from December. The dot plot revealed only one participant expecting more than three cuts this year, impacting market expectations and leading to a spike in Bitcoin trading. The decision followed concerns over inflation acceleration, potentially impacting asset prices, and led to a 0.5% increase in Bitcoin trading.