The Federal Reserve, ever the cautious creature, decided to keep interest rates steady. Their reasoning? A mess of mixed signals on inflation, jobs, and whether the economy is truly in the fast lane or just coasting.
New data shows the U.S. economy is keeping its head above water, chugging along at a decent pace, even if exports are doing their usual rollercoaster thing. Unemployment is low, and the labor market isn’t exactly about to implode. But here’s the kicker: inflation is still running hot, just like that pot of coffee nobody’s keeping an eye on.
The Fed clings to its long-term dreams of maximum employment and keeping inflation near 2%, but let’s face it—trying to juggle both has become a circus act no one signed up for.
Bitcoin Surges After Fed’s Speech
And then, like a child hearing it’s getting dessert, Bitcoin perked up, rising to a sweet $96,400. That’s a solid 1.6% jump over the past 24 hours, according to CoinMarketCap. Earlier that day, it was flirting with the $97,500 mark, but alas, still nowhere near the $100,000 high it saw back in February. Sigh.
The crypto markets, those emotional creatures, seem to be reacting to the Fed’s decision to pause its rate hikes—perhaps a bit of relief, maybe just a touch of optimism. After all, it’s not every day you get to take a breather in the middle of a monetary rollercoaster ride.
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2025-05-07 22:16