Fed Chair Kevin Warsh declined to preview the October 27–28 FOMC meeting or say whether it would raise rates again. He said the Fed remained committed to price stability and defended its September rate hike, which took rates to 3.75–4%.
Bitcoin and XRP rebounded on Friday after stock and crypto markets had fallen following hotter US inflation data. Bitcoin rose more than 2% over 24 hours to trade near $82,300. The source says investors anticipated an October rate pause, but concerns about a December hike remained.
