BeInCrypto· Lockridge Okoth·· 3d ago
Fed holds rates but two officials dissent, inflation language changed
Original source: BeInCryptoRead original
AI brief
The Federal Reserve kept interest rates at 3.75% to 4% on Wednesday, but two governors dissented, voting for a quarter-point hike. The Fed also removed language promising a "timelier return" to its 2% inflation goal, replacing it with a reference to "the accumulation of more information." Bitcoin briefly rose to $81,185 before settling near $80,950, while gold dipped 0.1% to about $4,036 an ounce.
Source: BeInCrypto · beincrypto.com