In line with market expectations, the U.S. Federal Reserve has decided to keep interest rates near zero, CNBC reports.
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Bitcoin, the largest cryptocurrency, has soared over three percent on the news, recovering to the $30,300 level on the Bitstamp exchange.
In its statement, the Federal Open Market Committee (FOMC) mentioned that the recovery of the U.S. economy was slowing:
The pace of the recovery in economic activity and employment has moderated in recent months, with weakness concentrated in the sectors most adversely affected by the pandemic.
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Vladislav Sopov
Dan Burgin