Breaking: Bitcoin Reacts to Latest Fed Rate Decision

Key Points

1. The Federal Reserve maintained its benchmark interest rate at a target range of 4.25% to 4.5%.

2. Bitcoin's price was stable at $117,650 with minimal volatility following the Fed's decision.

3. Two Fed governors (Bowman and Waller) dissented, advocating for a 0.25 percentage point rate cut.

4. The Fed noted that economic growth 'moderated' in the first half of the year and described uncertainty as 'elevated.'

5. Governor Adriana Kugler did not participate in the vote.