India, June 19 -- Cryptocurrencies are trading on a mixed note as markets digest the Fed's latest warnings about inflation, growth and interest rates. The tense geopolitical situation and fears of a full-fledged war in the Middle East also swayed market sentiment.
The Federal Open Markets Committee on Wednesday maintained the target range for the federal funds rate at 4.25 to 4.50 percent and simultaneously warned about stickier inflation and slower growth. It also acknowledged that uncertainty about the economic outlook has diminished but remains elevated. The Fed anticipates the Federal funds rate to fall to 3.9 percent in 2025, implying two more rate cuts in 2025.
In the Summary of Economic Projections, the Fed lowered the GDP growth p...