Federal Reserve Maintains Interest Rate at 3.50–3.75%

The Federal Reserve has opted to keep its benchmark interest rate within the 3.50–3.75% range, citing stable economic conditions. The vote was predominantly in favor, with nine members supporting the decision and three dissenting. The decision comes as rising yields on long-term government bonds increase the attractiveness of fixed-income investments, thereby reducing the appeal of non-yielding assets like cryptocurrencies. Following the announcement, the cryptocurrency market experienced a brief surge, with Bitcoin temporarily rising above $64,800. However, the price soon retreated to around $63,600 as market participants reassessed the macroeconomic outlook and bond yield implications.