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Bitcoin, Ethereum Steady as Fed Leaves Interest Rates Unchanged

by Vivek Kumar
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Bitcoin, Ethereum Steady as Fed Leaves Interest Rates Unchanged

In brief

  • The Federal Reserve left its benchmark interest rate unchanged.
  • Two members of the FOMC dissented from the decision.
  • The central bank affirmed that it’s in wait-and-see mode.

The Federal Reserve held its benchmark interest rate steady on Wednesday, formalizing a data-dependent approach to balancing the U.S. labor market against inflationary risks, amid ongoing White House pressure to accelerate monetary easing.

The decision, which was widely expected, kept the federal funds rate at a target…

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