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Fed holds rates at 3.75⁠%-4.00⁠% as two officials vote for a hike

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In FocusFed & Rates2 flashes1 story

The Federal Reserve kept its target range at 3.75% to 4.00% on Oct. 28 in a 10-2 vote, with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favor of another quarter-point increase. The decision follows September's hike and a rise in consumer inflation to 3.7%. Bitcoin barely moved on the news and held near $81,000. Source: crypto.news

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Ripple signs RLUSD deals with Robinhood and BNY a day after its bank charter win

Ripple used its Swell event on Oct. 27 to announce that Robinhood will bring the RLUSD stablecoin to its retail app later this year, use it on the XRP Ledger for institutional settlement and adopt Ripple Treasury for cash management. BNY's digital asset custody platform now holds XRP and RLUSD, and the two plan to let bank clients mint and redeem the token directly. RLUSD's market value is about $2.57 billion. Source: Cointelegraph

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