Odaily News: KPMG Chief Economist Diane Swonk stated that the Fed's move this time signals the start of a rate-hike cycle.

Swonk also noted that wage growth is currently slowing across industries, including AI.

According to Gate data, the US dollar against the Japanese yen (USDJPY) has risen above 155.5, currently at 155.514, with a 24-hour gain of 0.2%.

Odaily News: The Federal Reserve implemented its first rate hike in three years on the 17th, and its dot plot median forecast shows one rate hike this year and rates unchanged in 2027. New projections show rates will decline in 2028 and remain between 3.5% and 3.75% in 2029. Previously, in its June projections, the Fed expected a 25 basis point rate hike this year and one rate cut in 2027. The Fed also raised its longer-run federal funds rate forecast to 3.2%, compared with 3.1% in the June projection. Among the 19 policymakers, 18 submitted rate outlook projections, strongly suggesting that Fed Chair Warsh, as he did in June this year, did not provide specific projections. The Fed's projections also show that policymakers now expect inflation to be generally higher this year and in the coming years. (Jinshi)

Odaily News: The Federal Reserve's FOMC statement continues to retain the wording "inflation remains elevated" while removing the previous statement that "inflation is partly due to supply shocks."

Odaily reports: The Federal Reserve announced today (the 17th) a 25 basis point rate hike, the first increase in 2026. The Fed's latest dot plot shows that 18 of 19 officials submitted dot plot projections (consistent with June), with 16 of them believing that rates should be raised again this year. Specifically, 4 officials believe there should be a cumulative 75 basis point rate hike in 2026 (1 in June), 12 officials believe there should be a cumulative 50 basis point rate hike (5 in June), 2 officials believe there should be a cumulative 25 basis point rate hike (3 in June), 0 officials believe rates should remain unchanged at 3.5%-3.75% this year (8 in June), and 0 officials believe there should be a cumulative 25 basis point rate cut (1 in June). (Jinshi)

Odaily reports that the Fed's latest FOMC economic projections show that the median GDP growth forecasts for 2026 through 2028 are 2.3%, 2.4%, and 2.2%, respectively, compared with the previous forecasts of 2.2%, 2.3%, and 2.2%.

The latest dot plot shows that 12 of 18 officials expect one more 25 basis point rate hike in 2026, 4 expect two more hikes, and 2 expect no further rate increases this year.

According to Odaily, the median of the Federal Reserve's dot plot indicates one additional rate hike in 2026. (Jinshi)

Odaily reports that the Federal Reserve raised interest rates by 25 basis points, lifting the benchmark rate to 3.75%-4.00%, marking the first rate hike since July 2023 and matching market expectations, after the Fed had held rates steady for five consecutive meetings.

Odaily reports: Earlier this month, the verified Reddit account of streaming service HBO Max was hijacked by hackers, who deployed 108 malicious ads over approximately 48 hours, tricking Mac and Windows users into executing commands to install infostealer malware.

The malware can steal browser credentials, Telegram data, Apple Notes, saved passwords, and crypto wallet recovery phrases, and may also alter wallet addresses in the clipboard. Reddit has suspended the relevant ads and launched a security investigation. The number of infections and crypto asset losses have not yet been confirmed. (Decrypt)

According to Odaily, Bitcoin News posted on the X platform that users can borrow up to 1000 USDT using BTC as collateral at a 40% collateral ratio, and price fluctuations will not trigger liquidation during the initial 30-day period. The loan has a one-time promotional fee rate of 0.5%, with no additional interest charged during the term; overdue repayment will incur a daily penalty and may ultimately trigger liquidation.

Odaily News: U.S. SEC Chairman Paul Atkins stated that regardless of whether the relevant legislation advances, the SEC will take decisive action to provide a clear regulatory framework for American investors and entrepreneurs, adding, "Stay tuned."

The CLARITY Act previously stalled in the U.S. Senate, and CFTC Chairman Michael S. Selig also stated that he will use existing statutory authority to continue advancing crypto asset regulatory rulemaking.

Odaily reports that Robinhood has officially announced a new round of product launch events scheduled for September 29-30, with the tagline "Can you hear our signal?"

Robinhood co-founder and CEO Vlad Tenev subsequently reposted, stating that it has "been far too long" since Robinhood's last product launch event, and called this event one "you won't want to miss."

According to Odaily, the U.S. House Ways and Means Committee passed a bipartisan-supported cryptocurrency tax bill by a vote of 38 in favor and 5 against. The bill has been scaled back from an earlier version and still needs to go through subsequent legislative procedures.

The bill aims to reduce the tax burden on small cryptocurrency transactions and expand related tax rules so that digital assets receive the same tax treatment as other financial products. (CoinDesk)

Odaily: Bitcoin News posted on X that SEC Chair Paul Atkins thanked the government, Congress, investors, and innovators involved in advancing the CLARITY Act after it failed to pass the Senate. Atkins stated that the SEC will act decisively within its statutory authority to provide certainty for American investors and entrepreneurs.

Odaily reports: Anchorage Digital Bank, the first federally chartered crypto bank in the United States, has added custody support for Etherlink and 7 assets on its network, including xU3O8, a token representing ownership of physical uranium.

The other supported assets include WXTZ, liquid staking token stXTZ, USDT, USDC, USDSM, and WETH. Institutional clients can custody assets issued on Etherlink, a Tezos Layer 2 network, through the bank's segregated accounts. (Cointelegraph)