
The U.S. Federal Reserve kept the benchmark interest rate unchanged, with a 10-to-2 vote. Lisa Cook and Beth Hammack advocated for a 0.25 percentage point increase instead. The Fed cited a strong economy and persistently elevated inflation as reasons for the decision. Additional economic data will help determine what measures are needed to bring inflation back to the 2% target over the long term. The decision could also impact the performance of Bitcoin and other risk assets. 🐺Don’t miss a thing? Follow us now!
