JUST IN: US Federal Reserve Leaves Interest Rates Unchanged, Spot Gold And Bitcon Extends Gains

US Federal Reserve has held interest rates steady at 5.50%, prompting gains in spot gold and Bitcoin. This decision reflects a balancing act between curbing inflation and stimulating growth. Looking ahead, Fed officials predict rate cuts starting in 2024, with a significant 0.75 percentage point reduction, followed by further decreases in 2025 and 2026. These projections are based on expectations of slower GDP growth and easing inflation, signaling a shift towards a more accommodative monetary policy in the coming years.

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