At the May Fed meeting, the FOMC expressed uncertainty about future interest rate hikes due to concerns about the debt ceiling crisis and expected disruptions. Despite this, there was a unanimous decision to raise interest rates, but the committee acknowledged the uncertainty about future rate hikes and will continue to monitor economic information. Although there is no commitment from the US government about avoiding a debt default, top Republican Kevin McCarthy expressed confidence in reaching a deal. The release of the Fed meeting minutes did not have any significant impact on the crypto market.
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