Bitcoin Price Steadies Near $90,000 as Fed Pauses Rate Cuts, Powell Signals Neutral Stance
Bitcoin Magazine
Bitcoin hovered near $89,000 after the Federal Reserve paused its rate-cutting cycle, with Powell signaling a neutral policy stance.Summary
Bitcoin traded around $89,000 following the Federal Reserve's decision to hold the federal funds rate steady at 3.5% to 3.75%, ending a streak of three consecutive rate cuts. Fed Chair Jerome Powell indicated that the current policy is near neutral, citing solid economic expansion, moderating job growth, and inflation remaining somewhat elevated, partly due to tariffs. The FOMC voted 10-2 to hold rates, with two governors dissenting for further cuts. Powell advised his successor to remain apolitical. The market reaction suggested traders were recalibrating expectations for near-term stimulus, which has capped Bitcoin's upside potential despite the Fed no longer tightening aggressively.
(Source：Bitcoin Magazine)