Fed Holds Rates Steady, but a December Hike Still Looks Likely
The U.S. Federal Reserve kept interest rates unchanged, which was widely expected. Officials remain focused on inflation, which is still well above the 2% target, so a rate hike in December remains likely. Traders may watch this outlook closely, since higher rates can affect crypto and gold prices.
Why it matters
- The Fed left rates unchanged, matching what markets expected.
- Inflation remains well above the Fed's 2% target.
- A December rate hike is still considered likely, which could weigh on risk assets.
What to watch next
Watch the Fed's December policy decision and the next inflation readings for signs of whether a rate hike will happen.
