Reserve

Jerome Powell

Chair

Bitcoin

Time

<div class="watcher-guru">
 <p>The Federal Reserve has decided to pause <a rel="noopener noreferrer nofollow" title="Interest rate" href="https://thebittimes.com/tag/interest-rate.html">Interest rate</a> hikes for the second consecutive meeting. Indeed, the agency had made good on what many expected, placing the ongoing hike on hold for the third time in its year-long fight against inflation in the country.</p>
 <p>For much of the last year, the Fed has engaged in an aggressive tightening campaign to protect economic inflation. Now, the agency has opted to pause <a rel="noopener noreferrer nofollow" title="Interest rate" href="https://thebittimes.com/tag/interest-rate.html">Interest rate</a>s for October, as they did during their September meeting. Moreover, they raised <a rel="noopener noreferrer nofollow" title="Interest rate" href="https://thebittimes.com/tag/interest-rate.html">Interest rate</a>s over ten consecutive meetings from March 2022 to 2023, pausing for the first time in June.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">BREAKING: 🇺🇸 Federal Reserve pauses <a rel="noopener noreferrer nofollow" title="Interest rate" href="https://thebittimes.com/tag/interest-rate.html">Interest rate</a> hikes, remains at 5.25% – 5.50%.</p>
    <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
     <div class="publift-ad add">
      <div data-fuse="22560828227"></div>
     </div>
    </div> — Watcher.Guru (@WatcherGuru) November 1, 2023
   </blockquote>
  </div>
 </figure>
 <p><strong>Also Read: Bitcoin Price and Inflation Rate Hike Correlation is Fading </strong></p>
 <h2 class="wp-block-heading" id="h-federal-reserve-halts-interest-rate-hikes">Federal Reserve Halts Interest Rate Hikes</h2>
 <p>For much of the year, the Federal Reserve has carefully set out to calm the rather tumultuous US economy. Attempting to keep the country from falling into recession, it had opted for an unprecedentedly aggressive tightening policy. Subsequently, they enacted such decisions amid the worst inflation that the country had seen since the 1980s.</p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <p>However, that tightening campaign seems to be calming down. Specifically, the Federal Reserve has paused <a rel="noopener noreferrer nofollow" title="Interest rate" href="https://thebittimes.com/tag/interest-rate.html">Interest rate</a> hikes for the second consecutive meeting and the third time in a year. Moreover, the first pause came in June, after 10 straight meetings with an <a rel="noopener noreferrer nofollow" title="Interest rate" href="https://thebittimes.com/tag/interest-rate.html">Interest rate</a> increase.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="1024" height="683" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="FED Chair Jerome Powell Suggests Two More Interest Rate Hikes This Year" class="wp-image-59854 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp.webp 300w, https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp.webp 768w, https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp.webp 380w, https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp.webp 550w, https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp.webp 800w" data-srcset-img="https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp 1024w, https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp 300w, https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp 768w, https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp 380w, https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp 550w, https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp 800w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp" alt="FED Chair Jerome Powell Suggests Two More Interest Rate Hikes This Year" class="wp-image-59854" srcset="https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp 1024w, https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp 300w, https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp 768w, https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp 380w, https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp 550w, https://cdn.thebittimes.com/images/2023/11/02/a7df6132c3dcbdec29762a9354b4a7d2.webp 800w" sizes="(max-width: 1024px) 100vw, 1024px">
  </noscript>
  <figcaption class="wp-element-caption">
   Source: TIME
  </figcaption>
 </figure>
 <p><strong>Also Read: Federal Reserves Interest Rate Hikes May Be Over, Says ING Economist </strong></p>
 <p>The policy rate is still set to remain in the range of 5.25%–5.50% following the consecutive pause in hikes. Additionally, the US economy has certainly displayed its resistance, going against expectations of an impending slowdown. Following the two-day policy meeting that ended on Wednesday, Fed Chair Jerome Powell should set the tone for what could come next regarding monetary policy.</p>
 <p>The Fed is still maintaining its target inflation figure of 2%, with last month’s pause resulting in data showing job and economic growth being stronger than anticipated. Additionally, the pace of inflation is still ahead of the Fed’s target. Set at 3.4% in September, the improvement has been slow.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>Federal reserve</li>
  <li>Interest rate</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/federal-reserve-pause-interest-rate-hikes-for-second-time-tbt68714.html">https://thebittimes.com/federal-reserve-pause-interest-rate-hikes-for-second-time-tbt68714.html</a></p>

Federal Reserve Pause Interest Rate Hikes For Second Time

Table of Contents

TheBitTimes

Other articles published on Nov 1, 2023

SOL’s Uptober Rise to Continue Into Moonvember as Sentiment Shifts

Bitcoin Price Topside Bias Vulnerable If It Continues To Struggle Below $35K

Bitcoin’s Potential 336% Surge: Max Keiser Shares Target

Shiba Inu (SHIB) On-chain Flows Skyrocket by 1,170%, Here's What's Driving It

Bitcoin Targets $40,000 as FOMC Leaves Interest Rates on Hold

Critical Analysis Indicates a Potential Downturn for Ripple (XRP)

Join our free newsletter for daily crypto updates!