Fed’s divided rate decision threatens Bitcoin’s comeback as December hike looms

The Federal Reserve kept its target range at 3.75% to 4% on Oct. 28 in a 10-2 vote. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, favoring an immediate quarter-point increase. Rate-market trackers put the odds of a December hike between about 83% and 88%, and the market had priced in a hold. The decision left the target range unchanged after two policymakers favored an immediate increase.