The Federal Reserve decided to keep interest rates unchanged, reflecting a cautious approach due to mixed signals on inflation, employment, and economic momentum.
Recent data indicates solid growth in the U.S. economy despite fluctuations in net exports, with low unemployment rates and a stable labor market. However, inflation remains above target.
The Fed reiterated its goals of achieving maximum employment and 2% inflation but highlighted the increasing difficulty of balancing both.
After the Fed's announcement, Bitcoin saw a 1.6% increase, reaching around $96,400. The cryptocurrency market reacted positively to the Fed's decision to pause further rate hikes.