Fed to Stay the Course: No Rate Hike Expected

Federal Reserve officials seem likely to maintain current interest rates as signs of a softening labor market suggest caution, according to Philadelphia Fed President Patrick Harker. While crypto markets reacted with volatility and declines in response to these developments, Harker’s focus remains on evaluating the job market’s health before making significant policy changes. This decision, though, could signal potential stability for the economy as investors await clear guidance from the Fed.