FOMC held rates steady at 3.75–4%.
The Fed voted 10-2 to keep the federal funds rate unchanged after its October meeting. Two members (Lisa Cook and Beth Hammack) preferred a 25 bps hike instead.
The statement upgraded the economy to expanding at a “strong” pace. Domestic spending is resilient, productivity growth is solid, and the labor market is holding steady. Inflation, however, remains elevated. The Fed said more data is needed before deciding the next move and reaffirmed its commitment to getting inflation back to 2%.
For crypto, this is a pause, not a clear pivot. Higher-for-longer rates can keep pressure on risk assets in the short term, but a strong economy with no immediate hike also removes one source of uncertainty. Markets are now watching incoming inflation and jobs data for the December meeting.
How are you positioning after this hold — still cautious, or treating it as a green light for risk-on??
#fomc #crypto #bitcoin
The Fed voted 10-2 to keep the federal funds rate unchanged after its October meeting. Two members (Lisa Cook and Beth Hammack) preferred a 25 bps hike instead.
The statement upgraded the economy to expanding at a “strong” pace. Domestic spending is resilient, productivity growth is solid, and the labor market is holding steady. Inflation, however, remains elevated. The Fed said more data is needed before deciding the next move and reaffirmed its commitment to getting inflation back to 2%.
For crypto, this is a pause, not a clear pivot. Higher-for-longer rates can keep pressure on risk assets in the short term, but a strong economy with no immediate hike also removes one source of uncertainty. Markets are now watching incoming inflation and jobs data for the December meeting.
How are you positioning after this hold — still cautious, or treating it as a green light for risk-on??
#fomc #crypto #bitcoin
