$BTC The Fed's decision to hold the benchmark interest rate during the FOMC meeting Wednesday night US time directly pushed for significant strengthening in the crypto and stock markets. The price of Bitcoin soared to touch the level of US$99,000, approaching the psychological level of US$100,000.
The Federal Reserve maintained its benchmark interest rate in the range of 4.25 percent to 4.50 percent, amidst rising economic uncertainty due to new import tariff policies from President Donald Trump. Fed Chair Jerome Powell stated that the US economy is still solid, but inflationary pressures and the potential increase in unemployment led the central bank to choose a cautious stance.
The Federal Reserve maintained its benchmark interest rate in the range of 4.25 percent to 4.50 percent, amidst rising economic uncertainty due to new import tariff policies from President Donald Trump. Fed Chair Jerome Powell stated that the US economy is still solid, but inflationary pressures and the potential increase in unemployment led the central bank to choose a cautious stance.