# Bitcoin Falls as FOMC Signals Inflation Is Back and Holds Interest Rates Steady



The Fed announced a pause in interest rates as many had expected on Wednesday, keeping the federal funds rate at 3,50%–3,75%. But the decision was overshadowed by the emergence of significant differences in opinion and stern warnings about geopolitical risks.

Perhaps the most important takeaway from today’s FOMC is that, after months of the Fed describing inflation as “still somewhat high” in its policy statements, the wording has now changed.

Fed Keeps Interest Rates, Markets React

Amid a surge in energy prices, the Fed now says inflation is “high,” indicating that cost pressures are once again showing up.

“High inflation, partly due to the recent rise in global energy prices,” the quote from the report said.

##FedHoldsRateButDividesDeepen
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DevanR
· 15h ago
Will Bitcoin go up or not? Let's wait and see.
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