Fed Signals Data-Driven Approach for December Rate Decision, Impacting Crypto Markets

The Federal Reserve’s stance on a potential December rate cut remains dependent on economic data, impacting market sentiment and cryptocurrency prices. Atlanta Fed President Raphael Bostic clarified that no decision is predetermined, emphasizing the importance of real-time assessment of economic conditions. This statement triggered volatility in crypto markets, particularly Bitcoin, which experienced price dips due to uncertainty regarding interest rate adjustments.