The Federal Reserve's recent hawkish stance led to significant market turbulence, negatively impacting risky assets like stocks and cryptocurrencies while boosting the U.S. dollar and bond yields. Following a 25 basis point rate cut, the Fed indicated a slower easing pace, with only one anticipated rate cut in 2025, prompting a market recalibration towards higher rates and increased volatility. As a result, equity indices fell, and there was heavy selling in tech stocks and cryptocurrencies.
