Fed holds rates steady, extending pause as markets await Kevin Warsh’s policy roadmap
For the first time in several years, markets were somewhat split on whether the U.S. central bank would hike rates.
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Summary
- The Fed kept its benchmark fed funds rate range at 3.50%-3.75%.
- Traders were unusually divided ahead of the decision, having priced in roughly a 35% chance of a hike.
- Attention now turns to Chairman Kevin Warsh’s press conference for clues on the policy path.
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Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Why it matters:
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
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