THE STREET · 2026-10-28 14:15 UTC

Fed's major 2 P.M. call sends crypto markets surging

Federal Reserve announces interest-rate decision at 2 p.m. ET Wednesday, with markets expecting a pause rather than a hike, though economists debate the likelihood of further increases by year-end. Bitcoin traded at $80,528 and Ethereum at $2,330.58 as of 9:56 a.m. ET on Oct. 28; crypto prices are sensitive to Fed policy through investors' risk appetite. A Reuters poll found 94 of 100 economists expected no rate change in October but all 100 expected an increase in December, with some forecasters seeing risk of even larger hikes.

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