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Macroâ—Ź Neutralâ—Ź Important

Fed Holds Rates Steady as Two Officials Back a Hike; December Move in Play

TradingGain NewsroomTradingGain Newsroom··28 Oct 2026, 18:25 UTC

The Federal Reserve kept interest rates unchanged on Wednesday in a 10-2 vote. Governor Lisa Cook and Cleveland Fed President Beth Hammack wanted a rate hike instead. Bitcoin held steady, but traders are now watching for a possible December increase.

BTCAt the time of writing, Bitcoin traded at $80,931 (+0.43% in 24h).Live price →

Why it matters

  • Two policymakers wanted a rate hike now, showing the Fed is divided on policy.
  • Bitcoin held steady after the decision, so the immediate reaction was calm.
  • A December rate hike is now in play, which could affect risk assets like crypto.

What to watch next

Watch the Fed's next policy decision in December to see whether a rate hike goes ahead.

This brief is written by TradingGain from public reporting by Decrypt.Read original ↗
Fed Holds Rates Steady as Two Officials Back a Hike; December Move in Play
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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.