FED Pauses Its Hikes – Crypto Gets Five Dates to Watch

Key Takeaways Rate range unchanged at 3.75%-4.00%. Cook and Hammack dissented, backing a hike. September CPI ran 3.7% on energy costs. Futures still price a December hike. The Federal Open Market Committee’s statement , approved by a 10-2 vote, leaves policy where it landed after September’s quarter-point increase , the central bank’s first hike since 2023. Two officials wanted to hike in October The decision was not unanimous. Governor Lisa Cook and Cleveland Fed President Beth Hammack voted against the hold, preferring to raise the target range by a quarter point at this meeting.