DECRYPT · 2026-10-28 18:25 UTC

Fed Stands Pat, Bitcoin Holds Steady—But a December Rate Hike Is in Play

Federal Reserve held interest rates steady at 3.75%-4.00% in a 10-2 vote, with two officials dissenting in favor of a hike. Bitcoin edged up 0.2% to $80,950 after the announcement; traders see over 70% odds of a December rate hike. Fed cited strong economic expansion and elevated inflation; higher Treasury yields at 4.99% on the 10-year benchmark make riskier assets like crypto less attractive.

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