Fed’s divided rate decision threatens Bitcoin’s comeback as December hike looms
By Gino Matos
The Federal Reserve held its target range at 3.75% to 4% on Oct. 28 on a 10-2 vote. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, favoring an immediate quarter-point hike. Rate-market trackers put the odds of a December hike between about 83% and 88%, and the market had priced in a hold… Read…
Read it in your languageMachine translation by Google of the publisher's page
Explained in this story
Federal Reserve
The central bank of the United States, which sets US interest rates and supervises banks.
Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.
More about Federal ReserveBitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinMore in Macro
From the blog
Analyst Urges XRP Investors To Note Ripple’s Latest Move
Analyst X Finance Bull highlighted Ripple's Treasury platform expansion, noting its potential to capture a share of the massive global…
Elara Winter3 min read
Analyst Cites Franklin Templeton Remarks to Boost XRP, XLM, and HBAR Outlook
Franklin Templeton has built something institutional finance has never seen before. Sandy Kaul, the firm’s Head of Innovation, appeared in…
Elara Winter3 min read
Crypto Billionaire Matthew Mellon Recounts How XRP Rescued Him During a Banking Crisis
Crypto researcher SMQKE recently posted a clip on X that few people have seen. It shows Matthew Mellon, a banking…
Elara Winter3 min read