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Federal Reserve Holds Interest Rates Steady at 3.75% to 4%
(5 hours ago) · 1 source · Summarized by CryptoBipto
The Federal Reserve decided to keep its benchmark interest rate unchanged at 3.75% to 4%. Bitcoin briefly rose following the announcement but subsequently gave back those gains.
WHY IT MATTERS
The Federal Reserve is the central bank of the United States, and one of its main tools is setting interest rates, which is essentially the cost of borrowing money.
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SOURCES
- thedefiant.io
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BTCFederal ReserveInterest RatesMonetary PolicyBitcoin Price