Fed’s divided rate decision threatens Bitcoin’s comeback as December hike looms
AI summary
The Federal Reserve held its target range at 3.75% to 4% on Oct. 28 on a 10-2 vote, with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favor of an immediate quarter-point hike. Rate-market trackers put the odds of a December hike between about 83% and 88%. A divided Fed leaning toward tighter policy raises the risk of higher real yields, a headwind for Bitcoin's recent recovery attempt.
Narrative history
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1H AGOcrypto.news · Score 62 · via rates steady, Fed holds
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2H AGOYou’re reading thisFed’s divided rate decision threatens Bitcoin’s comeback as December hike loomsCryptoSlate · Score 72
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11H AGOBeInCrypto · Score 55 · via Holds Rates, Fed Holds
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16H AGOThe Defiant · Score 55 · via 3.75%-4%, Lisa
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16H AGOCrypto Briefing · Score 70 · via Fed holds, rates steady
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16H AGOCoinDesk · Score 55 · via December hike, December
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20H AGOCryptoPotato · Score 25 · via Fed meeting, meeting
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22H AGOCoinDesk · Score 25 · via Fed meeting, meeting
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22H AGOCryptoPotato · Score 25 · via steady, hold rates
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28 OCT · 02:16BeInCrypto · Score 55 · via Fed hold, hikes
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27 OCT · 16:21BeInCrypto · Score 25 · via Warsh, rates Warsh
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27 OCT · 08:50BeInCrypto · Score 55 · via hold rates, rates steady
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26 OCT · 04:37CoinDesk · Score 65 · via Fed meeting, meeting
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23 OCT · 02:08BeInCrypto · Score 55 · via December, hikes
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21 OCT · 11:20CryptoSlate · Score 25 · via Fed meeting, meeting
