If Trump wants to hit his 4% GDP growth promise this year, he should hope the Fed doesn't raise rates. Further, Trump's accused past economic data of being fake...any move from the Fed give him something to blame (other than himself) for any failures he achieves.
There's $779B in credit card debt in the US. All credit card debt has a variable interest rate. If the Fed raises rates another 25 bps the annual interest alone on regular Americans will be $1.95B!
That's nearly $2B that could be going into American businesses (outside of the five or so banks that offer credit cards of course).
Inflation hasn't gotten out of control, it's too soon. Of course the Fed needs to represent that the economy is humming, so they'll raise. And all of us will pay more in interest than to the shit we need in life, or (heaven forbid) to savings, which would help the future economy and government expenditures much better.
The real asshole move out of all of this is that regular banks won't increase their savings rates to reflect the 25 bps hike, yet they'll increase their credit and loan rates by the full hike. Fuckers, most of them at least.
https://www.nerdwallet.com/blog/average-credit-card-debt-household/Oh, and I don't think the Bitcoin price will be affected. Bitcoin's price can't be influenced as easily by moves of a single country. Lower country risk is a brilliant "feature" of this currency.