CryptoSlate October 29, 2026

Fed’s divided rate decision threatens Bitcoin’s comeback as December hike looms

Fed’s divided rate decision threatens Bitcoin’s comeback as December hike looms

The Federal Reserve held its target range at 3.75% to 4% on Oct. 28 on a 10-2 vote. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, favoring an immediate quarter-point hike. Rate-market trackers put the odds of a December hike between about 83% and 88%, and the market had priced in a hold…

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