Federal Reserve Keeps Rates Unchanged Despite Elevated Inflation
The 10-2 vote kept borrowing costs steady as officials weighed resilient spending, higher yields and inflation pressures.
- The Federal Reserve held its benchmark interest rate at 3.75%–4.00% on Wednesday, with Lisa Cook and Beth Hammack dissenting in favor of higher rates in a 10–2 vote.
- Economic activity is expanding at a 'strong pace,' The Federal Open Market Committee stated, upgrading from The September 'solid pace' as inflation remained elevated.
- Bitcoin recovered above $80,000 earlier in the day, trading between $80,334 and $81,636 with a nine-day moving average of $81,416.
- Treasury yields, ETF flows, and derivatives leverage are primary factors influencing Bitcoin's response, according to HashKey Group senior researcher Tim Sun, who warned excessive leverage could expose markets if conditions shift.
- The Committee stated more information will help determine the appropriate policy stance to bring inflation back to its 2% goal while policymakers retained their commitment to maintaining ample reserves.
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36 Articles
Protothema
PentapostagmaThe US central bank kept interest rates unchanged in the range of 3.75%–4%, choosing a wait-and-see stance despite persistent inflation, with markets discounting another increase in December.
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The Federal Reserve has held its benchmark interest rate at 3.75%–4.00% on Oct. 28, with two officials favoring another quarter-point hike as Bitcoin trades near $80,800. The Federal Open Market Committee approved the decision by a 10–2 vote, according to…
Fed Leaves Rates Steady
“The Federal Reserve elected to leave interest rates unchanged at a policy meeting that concluded Wednesday, with two officials dissenting — including Lisa Cook, the governor President Trump is seeking to fire,” Axios reports. “Fed officials have signaled that while they may well raise interest rates again by year-end, they are in no hurry and […]
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