Fed Holds Rates at 3.75%-4% as Bitcoin Nears $81K: What’s Next?

The Fed is holding interest rates at 3.75% - 4.00% to maintain impartiality amid upcoming midterm elections. Stocks' short-term action is hinged on corporate earnings of Alphabet and Microsoft later today. The US Federal Reserve concluded its two-day interest rate meeting today, announcing it is holding interest rates at 3.75% – 4.00%. This aligns with a recent CoinPedia report in which more than 90% of Wall Street analysts projected no change in interest rates, largely due to the proximity of the US midterm elections.