The Federal Reserve held its benchmark interest rate steady at 3.75%-4% following the September hike, in a 10-2 vote with both dissenters favoring higher rates rather than cuts.
Bitcoin's market reaction was muted. The cryptocurrency briefly gained 0.41% on Coinbase immediately after the statement but reversed course, trading 0.07% below its pre-statement level by 2:07 p.m. ET.
Fed Holds Rates at 3.75%-4% After September Hike; Bitcoin Flat Post-Decision
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