The Fed kept its benchmark at 3.75%-4.00% in a 10-2 vote, while Bitcoin edged up 0.2% to about $80,950; traders eye a possible December hike.

The Federal Reserve left its policy range unchanged at 3.75%‑4.00% on Wednesday, voting 10‑2. Governors Lisa Cook and Cleveland Fed President Beth Hammack dissented, arguing for a quarter‑point increase. The Fed’s statement upgraded economic activity from “solid” to “strong” and said more data will shape future policy.

Market reaction and Bitcoin

Bitcoin slipped only marginally, rising roughly 0.2% to $80,950 in the minutes after the 2 p.m. ET announcement. The cryptocurrency briefly tested $81,600 before retreating below a resistance band between $81,000 and $82,500 that has capped several rallies this year.

Broader financial backdrop

• U.S. crude settled at $99.90 a barrel, keeping oil‑linked inflation pressure high.
• Consumer prices rose 3.7% year‑over‑year through September, with gasoline up 9.1% in the month.
• The 10‑year Treasury yield closed at 4.99% after peaking at 5.31% on Oct. 5, supporting higher borrowing costs for credit cards and mortgages.

What traders are watching

CME FedWatch shows odds of a December 8‑9 rate hike above 70%, reflecting minutes from September that suggested another increase could be appropriate by year‑end. Key levels to monitor include Bitcoin’s $81,000‑$82,500 resistance zone and the 10‑year yield’s movement around the 5% threshold.

Related news

• Jeff Gundlach questions Fed's rate pause on CNBC
• Gold slips toward $4,000 as oil above $100 clouds Fed outlook
• Obr downgrades uk growth forecast for 2027 despite healey budget
• Bitcoin and gold hold near key levels ahead of Fed decision

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This article is compiled from international market news for information only. It is not investment advice.