Fed Holds Rates Steady; Markets and Crypto Watch Powell’s Messaging

The Federal Open Market Committee left policy rates unchanged, an outcome that markets had largely priced in, moving investor attention to the tone and wording of the Fed's post‑meeting guidance about the timing of potential cuts ^[1].

Analysts warned that calm market pricing could reverse quickly if the Fed’s message surprised participants; futures markets showed little suspense about the headline decision ahead of the announcement ^[1].

Major cryptocurrencies traded flat after the announcement, with Bitcoin and Ethereum holding steady as traders awaited Chair Jerome Powell’s remarks and any signals on the policy path ^[4][6].

Reporting noted the FOMC remained divided on the outlook: members were split and December projections indicated 12 of 19 officials expected at least one rate cut this year, but the Fed did not provide a clear timetable for such cuts ^[4][3].

Separately, some outlets reported that political developments could influence the Fed leadership timeline, with speculation that President Trump might announce a nominee soon — a development markets may monitor alongside Fed messaging ^[5].

With the policy decision confirmed, market sensitivity now centers on Powell’s language about future easing; any unexpected phrasing could prompt rapid moves across crypto and broader markets ^[1][4][6].