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US Federal Reserve keeps interest rates unchanged, Bitcoin price floats above $27,000
Earlier this year, Federal Reserve Chair Jerome Powell stated that the country would likely only see two more rate hikes until the end of 2023. The last meeting of the Federal Open Market Committee (FOMC) led to the first of the two interest rate increases. While this time around, the interest rate is not expected to see much difference, the same cannot be said about the next meeting. Federal Reserve keeps target rate unchanged: The target interest rate remains unchanged at 5.25% - 5.50% following the recent FOMC meeting. The decision was made according to the global market’s expectations. However, the interest ... (full story)