Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-09-16T16:47:40+00:00
Bitcoinfaced this week's second major Washington catalyst on Sep. 16, with the Federal Reserve hiking the interest rates after the Senate failed to advance the CLARITY Act a day earlier. The Federal Open Market Committeevoted12-0 to raise the federal funds target range by 25 basis points to 3.75%-4.00%, its first increase since 2023. The Fed said inflation "remains elevated" and that the move would support a timelier return to its 2% target. The unanimous hike puts the central bank directly at odds with President Donald Trump, who has called for lower borrowing costs and said earlier this month that the U.S."should be paying the lowest interest rate in the world." The CLARITY Act, which would establish a federal market structure for digital assets and clarify oversight between the Securiti
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