Kevin Warsh chairs his first FOMC meeting with rates expected to hold at 3.5%-3.75%. With CPI at 4.2%, markets eye potential hikes and crypto implications.

New Fed Chair Kevin Warsh's first FOMC meeting on June 16-17 could signal hawkish inflation policy, balance sheet cuts, and tighter liquidity for crypto

The Federal Reserve is expected to hold rates at 3.50%-3.75% at its June meeting, with 96% probability. New chair Kevin Warsh faces his first FOMC decision.