The Federal Reserve kept its target interest rate between 3.75% and 4.00% in a 10-2 vote, with Lisa Cook and Beth Hammack advocating a 0.25 percentage-point increase. The central bank now describes economic activity as “strong” and says additional information will guide its policy stance. Bitcoin edged up about 0.2% to roughly $80,950 after the announcement. Before the decision, markets priced in more than a 70% chance of a 0.25 percentage-point hike at the December 8-9 meeting, which will also include new economic projections.
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