The Fed has NO IDEA what rates should be. The Fed manipulates prices, distorts the economy, and makes decisions by looking at the “data” of a distorted economy.
It would be so great if manipulations were only performed by the Fed in its realm, and there were no such thing in the crypto market. But apparently this is not the case. It's a well known fact that free market is very vulnerable to manipulation, and, probably, the only difference between people who are into crypto and those who rely on the Fed is that the former don't actually "rely" on anything and are ready to accept what is coming their way.