๐ Fed Holds Rates 9-3, Bitcoin Bounces to $64.8K โ 3 Hawks Want Hikes
The FOMC held the federal funds rate at 3.50%โ3.75% yesterday in a narrow 9-3 vote, with three regional Fed presidents pushing for a 25bps hike โ the first three-dissenter vote since 2016. Bitcoin initially jumped from around $63,700 to nearly $64,700 on the news before pulling back to hold around $64K, where it is trading this morning. Markets are weighing the no-hike result against some seriously hawkish language from Chair Warsh. Is crypto taking this as a green light, or just exhaling until the next meeting? Not financial advice.
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