After last night's meeting, the US Federal Reserve (Fed) decided to continue maintaining the current interest rate. This decision was made in the context that the economy, labor market and inflation are still growing strongly compared to set goals.

As expected, the Fed has agreed to maintain the base interest rate in the range of 5.25% to 5.5% from July until now. This happened at the second consecutive meeting of the Open Market Committee (FOMC) after raising interest rates 11 times, including 4 times in 2023.

After this information, until this morning, Bitcoin price increased from 34,680 USD to the price at the time of writing of 35,700 USD.

After the meeting, Fed Chairman Powell still suggested raising interest rates in the future. He said that temporarily suspending interest rate increases does not mean that interest rate increases again will not happen. At the same time, Mr. Powell also said that there is still 'a long way' to control inflation.

Mr. Powell said the Fed has not made any decisions about future meetings. In addition, he also confirmed that the Fed is not currently thinking about reducing interest rates in the near future.