“Fed Holds Rates Steady in 10-2 Vote, December Hike Still Possible” — what this page in the network covers. The Federal Reserve kept its benchmark interest rate unchanged on Wednesday, but the decision was far from unanimous. In a 10-2 vote, Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, favoring an immediate rate hike. The split signals growing internal pressure for tighter policy The split signals growing internal pressure for tighter policy as inflation remains a concern.
Bitcoin, which often moves on Fed signals, held steady following the announcement, suggesting investors had priced in the pause. However, the dissents have put a December rate increase firmly on the table. With the central bank's next meeting just weeks away, markets will watch incoming data closely. A hike could pressure risk assets like cryptocurrencies, while a continued pause might offer relief. This listing links straight to the original page, where the content is available in full.