Federal Reserve (FED) · Bitcoin · CoinDesk
As fully expected by markets, the U.S. Federal Reserve on Wednesday left benchmark interest rates unchanged
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
★ Tier-1 Source
The bank’s fed funds rate range, for now, remains at 3.75%-4.0%.
Key facts
- The vote to hold rates was 10-2, with Fed Governor Lisa Cook and Cleveland Fed President Beth Hamack dissenting
- Fed Chair Kevin Warsh’s post-meeting press conference begins at 2:30 p.m
- The bank’s fed funds rate range, for now, remains at 3.75%-4.0%
- Bitcoin is rising slightly following the news, climbing to $81,000
Summary
The Fed left its fed funds rate range unchanged at 3.75%-4%, as expected by markets. There were two dissents to the decision, with Lisa Cook and Beth Hammack preferring to hike rates. As fully expected by markets, the U.S. Federal Reserve on Wednesday left benchmark interest rates unchanged, but signaled its intention to tackle stubbornly high inflation. “Economic activity is expanding at a strong pace,” said the bank in its policy statement.