The Federal Reserve decided to hold rates steady and reaffirmed its plan to cut rates three times this year, despite recent inflation data.

This news is likely to be positive for the crypto currency market, as investors are looking for signals that the Fed is easing off its tightening policy. Lower interest rates can lead to more investment in riskier assets, like cryptocurrency.

Here are some of the key points from the Fed meeting:

* The Fed held rates steady at 5.25% to 5.50%.

* The Fed stuck with its forecast for three rate cuts in 2024.

* Fed Chair Jerome Powell said that the strong jobs market wouldn't deter the central bank from cutting rates.

* Powell also said that the Fed is looking for confirmation that inflation is moving closer to its 2% target.

It's important to note that the crypto currency market is volatile and can be influenced by many factors. This news is just one piece of the puzzle, and it's important to do your own research before making any investment decisions.

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