Share this article
Federal Reserve Keeps Rates Unchanged, Adds Qualitative Guidance on Pace of Money-Printing
The Federal Reserve said Thursday said it would hold U.S. interest rates at their current level, close to zero, and added qualitative criteria to govern how long it will keep up its $120-a-month bond-buying program.
Updated Sep 14, 2021, 10:44 a.m. Published Dec 16, 2020, 7:14 p.m.
The Federal Reserve said Thursday said it would hold U.S. interest rates at their current level, close to zero, and added qualitative criteria to govern how long it will keep up its $120-a-month bond-buying program.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year," according to a statement released at the conclusion of this week's two-day, closed-door meeting of the central bank's monetary-policy committee, known as the Federal Open Market Committee, or FOMC.
- Key target rate for federal funds to stay in a range of 0% to 0.25%
- Fed plans to keep buying $80 billion of U.S. Treasury bonds and $40 billion of agency mortgage-backed securities every month "until substantial further progress has been made toward the committee's maximum employment and price stability goals."
- That's a change in wording from the statement issued after the Fed's previous meeting in November, where it said the bond purchases would continue "to sustain smooth market functioning and help foster accommodative financial conditions."
- Summary of economic projections released along with the statement shows FOMC members have turned slightly more optimistic about the economy since September.
- On average, they expect GDP to contract 2.4% in 2020, versus a September projection for 3.7% decline. The average expectation for growth in 2021 is 4.2%, versus a 4% projection in September.
- Prices for personal consumption expenditures, the Fed's preferred inflation measure, could rise 1.8% next year, compared with a September projection of 1.7%.
Traders in digital-asset markets have tracked the Fed's decisions this year because many analysts say the U.S. central bank's trillions of dollars of money printing could bolster use of bitcoin among institutional investors as an an inflation hedge.
Read More: New Federal Reserve ‘Qualitative’ Approach Could Push Further Into Experimental Realm
Meer voor jou
Wat u moet weten:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Meer voor jou
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
Wat u moet weten:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
