Fed holds rates steady as 3 officials push for hike while crypto market stays flat
The Block·
60-second summary
The Federal Reserve holds interest rates steady, despite 3 officials advocating for a hike, citing Middle East-driven energy shocks as a primary concern for inflation, which remains above the 2% target. This decision keeps the rate range unchanged, with no immediate impact on the crypto market, which continues to trade flat, awaiting further economic signals.
The Fed said Middle East-driven energy shocks are keeping inflation above its 2% target, as it keeps it rate range steady.