Bitcoin and ethereum prices today, Thursday, September 17, 2026: Crypto prices move up following Fed's rate increase

The US Federal Reserve has raised interest rates for the first time in three years, signaling a potential start to a longer hiking cycle, according to chair Kevin Warsh. Warsh's post-meeting remarks left markets uncertain about whether this increase was a one-off or the beginning of a series of rate hikes. The 10-year Treasury note yield closed above 5 per cent, its highest level since 2007.

President Donald Trump endorsed Warsh's decision, though he claimed the target should be below 1 per cent. Warsh's comments suggested he would support further rate hikes until they became restrictive, potentially prolonging the hiking cycle. While some market watchers were skeptical, others believed Warsh's decision would not have a significant impact on the economy due to factors beyond the Fed's control, such as tariffs, oil prices, and artificial intelligence spending.