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Decrypt· Jose Antonio Lanz·· 3d ago

Fed holds rates steady, Bitcoin edges up after 10-2 vote

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AI brief

The Federal Reserve kept its benchmark interest rate unchanged at 3.75%-4.00% in a 10-2 vote on Wednesday, with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favor of a quarter-point hike. Bitcoin edged up about 0.2% to roughly $80,950 following the announcement. The Fed's next meeting is scheduled for December 8-9.

Source: Decrypt · decrypt.co