Fed holds interest rates steady at 3.75% to 4% as Bitcoin approaches $81K

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The Federal Reserve maintained interest rates at 3.75% to 4% in a 10 to 2 vote, as Bitcoin approaches $81,000. Despite this steady hold, policymakers warn that inflation remains elevated and stubborn. This decision follows a September rate hike, the first in three years. While borrowing costs are currently unchanged, investors widely expect the central bank to raise rates during the next meeting in December to further combat the persistent inflation affecting the economy.
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