The Federal Reserve kept its benchmark interest rate steady for a second consecutive meeting, signaling concerns about slower economic growth and persistent inflation pressures.
Cryptocurrency market showed renewed optimism as prices of major cryptocurrencies surged, with Bitcoin up 4%, Ethereum up 8%, and XRP up 10%.
Investors will be scrutinizing the central bank’s messaging for any hints about future monetary policy shifts, with focus on interest rates and economic projections.
The FOMC meeting will play a pivotal role in shaping investor sentiment, with ongoing updates expected as the story evolves.