The hawkish tendencies became evident when the Fed raised its projections for future rates through the so-called dot plot.

A potential rate cut would mark the end of the strictest phase of the disinflation process but also indicate a shift toward a more forward-looking approach.

The morning after the U.S. presidential election, where Trump was declared the winner, Bitcoin had already increased in value by a staggering 25% since mid-October.

An election can create market uncertainty and currency fluctuations, especially if the outcome is uncertain or candidates have differing economic views.

However, inflation is expected to rise slightly for the remainder of the year before reaching the 2% target sometime in 2025.