The Federal Reserve kept its benchmark rate between 3.75% and 4.00% in a 10-2 decision. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented in favor of a 25-basis-point increase. The Fed described economic growth as “strong” while keeping inflation elevated, leaving room for further rate hikes. The tone of Fed Chair Kevin Warsh’s comments will be decisive for cryptocurrency markets: higher rates could weigh on Bitcoin and other riskier assets, while an extended period of unchanged rates could ease pressure. Investors will also watch inflation data and the broader economic outlook, with further hikes already expected from December through 2027.
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