Fed Leaves Rates Untouched, but a Quiet Policy Shift Could Move Bitcoin and Gold

TL;DR: The Federal Open Market Committee (FOMC) held the benchmark rate in the 3.75% to 4% range after a split 10-2 vote. Governor Lisa Cook and Cleveland Fed President Beth Hammack voted in favor of a 25-basis-point increase. Bitcoin traded near $80,950 on Binance following the official statement, while gold edged down 0.1% to $4,036 per ounce. The U.S. Federal Reserve decided this Wednesday to hold rates in the 3.75% to 4% range, marking a pause following the rate hike implemented at its previous meeting. Votes were divided among the 12-member panel, and this was reflected in the final decision. The official statement reveals that Governor Lisa Cook and Cleveland Fed President Beth Hammack cast dissenting votes, calling for an upward adjustment of a quarter of a percentage point.

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