Fed’s divided rate decision threatens Bitcoin’s comeback as December hike looms
The Federal Reserve held its target range at 3.75% to 4% on Oct. 28 on a 10-2 vote. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, favoring an immediate quarter-point hike. Rate-market trackers put the odds of a December hike between about 83% and 88%, and the market had priced in a hold…
Story summary
The Federal Reserve held its target range at 3.75% to 4% on Oct. 28 on a 10-2 vote. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, favoring an immediate quarter-point hike. Rate-market trackers put the odds of a December hike between about 83% and 88%, and the market had priced in a hold…
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