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Federal Reserve (U.S. central bank) Holds Interest Rates Steady—Crypto Markets Unmoved as Focus Shifts to New Chairman

According to the update, the Federal Reserve (U.S. central bank) kept policy unchanged and crypto prices showed little reaction, as attention turns to a new chairman and any guidance on the near-term policy path.

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Terms & Concepts
  • Federal Reserve: The United States central bank that sets monetary policy, including benchmark interest rates.
  • Interest rates: The cost of borrowing money set or influenced by a central bank, affecting asset prices and economic activity.
  • Crypto markets: Trading venues and assets for cryptocurrencies, where prices react to macro and policy developments.