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The U.S. Federal Reserve has maintained interest rates at 4.25%-4.5%, aligning with market expectations. Bitcoin’s price remained stable at around $104,200 following the announcement.
- Polymarket data showed 98% of traders expected no rate change, with 41% predicting a cut in September.
- The Fed raised its inflation forecast to 3% while lowering 2025 GDP growth expectations to 1.4%.
- Trump's public criticism of Powell escalated, with the former president suggesting he could 'do a much better job' leading the Fed.
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Other Tags: FOMC, Polymarket, United States Federal Reserve