Bitcoin Price Rebounds as Fed Chair Warsh Explains Rate-Hike Pause

In what was the most expected turn of events, the US Federal Reserve kept the interest rates unchanged after the first hike in over three years in September. However, the decision was not unanimous: two of the 12 policymakers voted to raise the benchmark to 4%-4.25%. Following last month’s hike, which was the first since mid-2023, all eyes turned to the inflation data for September, and both major indices, the CPI and the PPI, showed that inflation has remained a major concern.