The Fed's decision came as no surprise to markets, with traders largely pricing in the outcome ahead of the announcement. The Federal Reserve left interest rates unchanged at 3.5% to 3.75% during Kevin Warsh’s second FOMC meeting, but the decision revealed a growing divide among policymakers over how to respond to persistent inflation. However, officials warned that inflation remains above their 2% goal, with supply shocks contributing to higher prices in areas such as energy. Bitcoin appeared to have already priced in the Fed’s decision before it was announced. The overhaul comes as inflation has risen more sharply than officials projected earlier this year, prompting markets to reassess expectations for the Fed’s policy path.