Bitcoin Holds Steady Amid Fed Rate Pause and Internal Disagreement, Future Cuts Possible

Key Points

1. The Fed's decision to hold rates steady was influenced by moderated economic growth and inflation above the 2% target.

2. Internal disagreement among Fed governors was evident with a 9–2 vote, as two members advocated for a 0.25 percentage point rate cut.

3. The Fed's statement shifted from saying uncertainty had 'diminished' to acknowledging that 'uncertainty remains elevated,' reflecting a more cautious outlook.

4. Market futures predict a 68% probability of a rate cut in September and a 65% chance of another cut in December.

5. Bitcoin's price remained stable around $117,650, showing little reaction to the Fed's decision, indicating cautious investor sentiment.