Fed holds rates steady, extending pause as markets await Kevin Warsh's policy roadmap
CoinDesk·
60-second summary
The Federal Reserve holds interest rates steady, marking its first pause in several years, as markets await a policy roadmap from incoming Federal Reserve Governor Kevin Warsh. Markets were somewhat split on whether to hike rates, signaling a shift in sentiment. This move maintains low borrowing costs, supporting a moderate economic growth trajectory.
For the first time in several years, markets were somewhat split on whether the U.S. central bank would hike rates.