The Federal Reserve (Fed) recently made some significant changes in its outlook for the market, economy, and interest rates. While some aspects of their speech were hawkish, others were dovish. As a result, the crypto market saw a slight increase. The Fed’s Dot Plot projected a higher terminal rate for the federal funds rate, indicating the need for two more rate increases. However, they have now decided to pause rate hikes and re-evaluate the data. Fed Chair Jerome Powell seemed a bit annoyed and not in line with other committee members. The Fed expects continued GDP growth and believes some rate increases will be necessary to bring inflation down. The overall message is a mixed bag, with the Fed closely monitoring data and inflation to determine future rate hikes. The market may experience fluctuations, but long-term investors may benefit from rate increases.