
The Fed Held Rates in a 9-3 Split With Three Members Voting to Hike, and Crypto Held Its Ground
The Fed held rates at 3.50-3.75% on July 29 for a fifth straight meeting, but the vote split 9-3 with three regional presidents dissenting in favor of a HIKE, the most divided decision of the cycle. Our preview had flagged a real one-in-five hike probability, and the dissents proved it was not paranoia. Crypto took it in stride: Bitcoin dipped to about $62,850 intraday and recovered to around $64,600. The volatility that did appear came more from an oil spike and geopolitics than the Fed.










