Catenaa, Thursday, January 30, 2025 –The Federal Reserve kept its benchmark interest rate unchanged at 4.25%-4.50% on Wednesday, January 29, citing “elevated inflation” and a strong labor market, while bitcoin remained steady above $100,000.  “The Committee decided to maintain the target range for the federal funds rate at 4.25% to 4.50%,” the Fed said in […]

Catenaa, Thursday, December 19, 2024 –The US Federal Reserve yesterday reduced its benchmark federal funds rate by 25 basis points, lowering it to a range of 4.25% to 4.50%, as Bitcoin rallied to a new all-time high of over $108,000. However, share prices slumped on the announcement, the BBC reported yesterday. The Federal Open Market Committee’s […]