CoinMeta data: Recently, the Federal Reserve announced an increase in the federal funds target rate range by 25 basis points to 3.75%-4%. This interest rate hike is the first of its kind for the Fed in three years and is expected to have a profound impact on Wall Street, mortgage costs, the housing market, the US dollar, and artificial intelligence investments. The Fed's new forecasts indicate that the median interest rates will reach 4.1% in 2026 and 2027, a significant rise from the June projections. Market expectations for future interest rate hikes are also on the rise; interest rate futures on Thursday indicated a 53% probability of another hike in October. In addition, the 30-year fixed mortgage rate has reached 6.76%, a new high in a year, and builder confidence has dropped to a 12-month low, with 38% of builders reporting price cuts.