There is nothing particularly surprising from the Federal Reserve outcome. A "no change" decision with a target range of 3.5% to 3.75% with only Stephen Miran dissenting by voting for a 25bp cut. Everyone else wanted stable rates, but the Fed continues to think a rate cut this year is more likely than not. The Fed appears prepared – for now – to look through a near-term energy price shock, believing that this won't become a broader, more persistent inflationary problem that needs action. The accompanying statement acknowledges that "uncertainty about the economic outlook remains elevated #BinanceKOLIntroductionProgram ##BitcoinHits$75K #MarchFedMeeting #SECApprovesNasdaqTokenizedStocksPilot