Fed Keeps Interest Rates Steady, No Change in Policy Announced

The Federal Reserve maintained its interest rate target range at 5.25% to 5.50%, signaling a continued cautious approach to the economy. This decision was made following the FOMC meeting on October 31-November 1, 2023 in Washington D.C., reflecting concerns about inflation and job growth. The Fed’s stance indicates potential long-term impacts on financial markets and crypto sentiment.