Big news from the US Fed 🇺🇸
The Federal Reserve has held interest rates steady today, Wednesday, October 28. Rates stay in the 3.75% to 4.00% range.
It was a 10-2 vote. Governors Lisa Cook and Beth Hammack dissented, favouring a quarter-point rise instead. This comes after September's rise, the Fed's first hike since 2023, with inflation still high — consumer prices up 3.7% over the year to September and producer prices up 6.3%.
What could this mean for crypto and gold?
- A hold removes an immediate shock, so markets do not get a surprise hike today.
- But the story is not over. Investors are now watching Fed Chair Kevin Warsh's press conference closely, and many still expect a quarter-point hike in December.
- That means volatility can stay high around Warsh's words. A hawkish tone could pressure crypto and gold, while a softer tone could support them — but nothing is guaranteed, and this is not a buy or sell call.
In short: rates are on hold for now, December is the next big question, and traders should stay careful around Fed headlines.
Analysis Only — Not Financial Advice (NFA). Trading involves risk.
Follow Profit Direction for more signals, best signals and market updates. Share your opinion in the comments.
#Fed #Bitcoin #CryptoNews #Gold
The Federal Reserve has held interest rates steady today, Wednesday, October 28. Rates stay in the 3.75% to 4.00% range.
It was a 10-2 vote. Governors Lisa Cook and Beth Hammack dissented, favouring a quarter-point rise instead. This comes after September's rise, the Fed's first hike since 2023, with inflation still high — consumer prices up 3.7% over the year to September and producer prices up 6.3%.
What could this mean for crypto and gold?
- A hold removes an immediate shock, so markets do not get a surprise hike today.
- But the story is not over. Investors are now watching Fed Chair Kevin Warsh's press conference closely, and many still expect a quarter-point hike in December.
- That means volatility can stay high around Warsh's words. A hawkish tone could pressure crypto and gold, while a softer tone could support them — but nothing is guaranteed, and this is not a buy or sell call.
In short: rates are on hold for now, December is the next big question, and traders should stay careful around Fed headlines.
Analysis Only — Not Financial Advice (NFA). Trading involves risk.
Follow Profit Direction for more signals, best signals and market updates. Share your opinion in the comments.
#Fed #Bitcoin #CryptoNews #Gold
