Fed Keeps Rates Steady, Raises Inflation Forecast
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
The Federal Reserve maintained its interest rate at 3.50% to 3.75%, aligning with expectations. The Fed raised its inflation forecast for 2026 to 2.7%, up from 2.4%. The dot plot suggests one rate cut in 2023 and another in 2024. The decision passed 11-1, with one member advocating for a small 25 basis point reduction. Markets reacted negatively, with bitcoin dropping to around $71,600 and U.S. stocks falling 0.55%. The ten-year Treasury yield rose to 4.21%. The Fed faces challenges due to slowing jobs, inflation above target, and surging oil prices to nearly $100 per barrel. Fed Chair Jerome Powells press conference at 2:30 PM Eastern time is anticipated for further insights.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/440ae04a82ee196d