Fed Holds Rates at 3.75% as Inflation Forecast Jumps; Bitcoin Slides to $71K
The Federal Open Market Committee (FOMC) on Wednesday paused its benchmark interest rates between 3.5% and 3.75%, weighing the surging geopolitical escalations in the Middle East and ongoing economic turmoil. For crypto markets, the Fed’s decision to tighten liquidity creates a “lid effect,” forcing the market to trade sideways and stifling speculative rallies. No Emergency … Read more
