u.today
29 January 2025 16:01, UTC
The Fed has decided to keep rates steady at 4.25-4.5% after holding its first meeting of 2025.
As reported by U.Today, the decision was widely expected by market participants.
Bitcoin is currently trading above $102,000 on the Bitstamp exchange following the latest rate decision, dipping by a mere 0.2%.
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In December, Bitcoin experienced a significant correction after the Fed indicated that it would scale back easing the following year.
The Fed was widely predicted to implement a rate cut in January due to the relative stickiness of inflation.
The Federal Open Market Committee (FOMC) has stated that inflation remains "somewhat elevated."
Traders now expect the Fed to resume cutting rates in June following the latest FOMC statement.
