The Federal Reserve (The Fed) decided to keep its benchmark interest rate steady at 4.25%–4.50% during the latest FOMC meeting on Thursday (June 19). This marks the fourth consecutive pause since December last year.
The Fed cited ongoing uncertainties from President #donalTrump new policies and rising geopolitical tensions in the Middle East as key reasons for holding rates. Despite a rise in basic goods prices and increasing unemployment, U.S. inflation remains under control, and the labor market is still stable.
Following the announcement, the crypto market capitalization rose 0.35% in the past 24 hours.
