Fed holds rates at 3.75-4% amid inflation concerns, Bitcoin falls

Briefing by News4U · First published 2026-10-29 11:56:15 UTC

The US Federal Reserve voted 10-2 on Wednesday to hold its benchmark rate at 3.75%-4%, with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favor of a quarter-point hike, citing persistent inflation above the 2% target. Chair Kevin Warsh said inflation has exceeded the goal for nearly six years and the central bank will await more data before the December 8-9 meeting. Traders priced in a 78% chance of a December hike. Bitcoin fell 1.4% to around $80,100 after the decision, while US stocks ended higher and Treasury yields rose. [1] [2] [3]

Sources

1. Fed’s hawkish rate hold keeps pressure on Bitcoin: Analysts

   Cointelegraph · 2026-10-29 01:12:01 UTC · Full text

2. Fed leaves rates unchanged as it awaits more information

   RTÉ Business · 2026-10-29 07:24:23 UTC · Full text

3. Bitcoin drops to $80,000 on Fed dissent, Samsung, Alphabet earnings; AI tokens slump

   CoinDesk · 2026-10-29 11:11:48 UTC · Summary only

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