Fed Stands Pat, Bitcoin Holds Steady—But a December Rate Hike Is in Play
Summary
The Federal Reserve decided against changing interest rates during its Wednesday meeting, despite a couple of dissenting votes from policymakers favoring an increase. Following this central bank decision, the price of Bitcoin remained relatively stable. Analysts are now considering the possibility of a rate hike occurring in December.
The Federal Reserve left rates unchanged Wednesday in a 10-2 vote, with Governor Lisa Cook and Cleveland Fed President Beth Hammack favoring a hike.
Source: Read the full story at Decrypt
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