The Fed said Middle East-driven energy shocks are keeping inflation above its 2% target, as it keeps it rate range steady.

The Fed is expected to hold rates at 3.50%-3.75% at the July 28-29 FOMC meeting under Chair Kevin Warsh, but crypto markets remain on alert.

The Fed is expected to hold rates at 3.50%-3.75% this week, but rising hike speculation and inflation concerns could weigh on crypto markets

Investors had largely expected that the Fed would hold interest rates steady, given ongoing concerns with high inflation.

The US Federal Reserve kept interest rates unchanged, awaiting clearer inflation signals. Renewed fighting linked to Iran pressures oil prices and clouds economic outlook.…