Wall Street uncertain on Fed's rate hike decision today

Fed rate hike unlikely at July FOMC meeting, but crypto markets are watching closely

Fed holds rates at 3.50%-3.75% on July 29 under chair Warsh, with crypto traders watching despite consensus hold; Warsh's inflation and labor-market commentary will signal future trajectory. Higher Treasury yields now offer real returns, compressing speculative demand and tightening venture capital flow toward early-stage startups.