News Formal

Fed holds rates steady: Bitcoin market reacts with a…

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

After a two-day FOMC meeting, members decided to maintain the rates at 5.25% - 5.50% for the seventh consecutive time.

After a two-day Federal Open Market Committee meeting, members decided to maintain the rates at 5.25% – 5.50% for the seventh consecutive time. Notably, this decision was also in line with Wall Street predictions.

The revised forecast means that the FOMC now anticipates only one 0.25 percentage point rate cut before the end of the year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin consolidates below $70k, stocks sink on hawkish FOMC commentsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »