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Federal Reserve Holds Interest Rates as Markets Anticipate December Hike
The Federal Reserve maintained its interest rates, with the decision facing two dissenting votes. Financial markets are pricing in an 83% chance of a 25-basis-point rate hike in December, along with a 90.6% probability of a rate hold for October. Polymarket traders assign a 95% chance to a rate hold, while broader market expectations see less than a 10% chance of an October increase. Investors and crypto markets are currently awaiting guidance from Kevin Warsh regarding a potential December hike. Meanwhile, Bitcoin is trading at $79,871 and Ethereum is at $2,310.