Fed holds rates at 3.75%‑4.00% with two dissenters, Bitcoin barely moves
The Federal Reserve left its policy rate unchanged in the 3.75%‑4.00% range after a 10‑2 vote, with Governors Lisa Cook and Beth Hammack dissenting in favor of another quarter‑point hike. Bitcoin edged up about 0.2% to roughly $80,950 in the minutes after the announcement. Traders continue to price a December hike at odds above 70%, while the 10‑year Treasury yield settled at 4.99%.
Why it matters
The Fed’s hold keeps borrowing costs steady for consumers and businesses, but the dissent signals possible tightening later, which could pressure risk assets like Bitcoin. Investors should watch the December hike odds and Treasury yields for further crypto market direction.
Key facts
- 1The Federal Reserve left interest rates unchanged at 3.75%‑4.00% after a 10‑2 vote. finance.yahoo.com
- 2Governors Lisa Cook and Beth Hammack dissented, favoring a quarter‑point hike. finance.yahoo.com
- 3Bitcoin rose about 0.2% to roughly $80,950 in the minutes after the decision. finance.yahoo.com
- 4CME FedWatch had the odds of no change at around 90% before the decision. finance.yahoo.com
- 5Traders price the odds of a December rate hike above 70%. finance.yahoo.com
- 6The 10‑year Treasury yield closed at 4.99% after peaking at 5.31% on Oct. 5. finance.yahoo.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.