FOMC News: Fed Holds Rates at 3.50%-3.75% as Three Officials Back Hike

The post FOMC News: Fed Holds Rates at 3.50%-3.75% as Three Officials Back Hike appeared first on Coinpedia Fintech News

The Federal Reserve kept rates unchanged at 3.50%-3.75% on July 29, but three officials called for a hike. Three officials wanted a 25-basis-point hike, marking the first time since 2016 that three policymakers have opposed a Fed decision in the same direction. The split raised the September hike odds to 62%, keeping pressure on Bitcoin …