The Federal Reserve raised interest rates to a 3.75%-4% range in a unanimous 12-0 vote, marking its first rate hike since 2023. The decision signals a shift in monetary policy after an extended pause in tightening measures.
Bitcoin and ether experienced immediate volatility following the announcement but ultimately settled near their pre-announcement levels within minutes of the decision.
Fed Raises Rates to 3.75%-4% in First Hike Since 2023
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