As expected, the US Federal Reserve has kept its benchmark fund-rate stable at 4.25%-4.50%, the first break since the central bank began to facilitate politics last September.

The accompanying political statement noted that the unemployment rate had stabilized at a “low level” and inflation remained “something elevated.” The wording was Hawkish when it removed last month’s reference to “progress” on inflation that moved to its 2% target.

Under pressure for most of this week, the price of Bitcoin (BTC) dipped for $ 101,800 shortly after the news. US stocks added to today’s loss, with Nasdaq down 1.1% and S&P 500 lower by 0.9%. The dollar and the gold were slightly changed and the 10-year-old treasury rose 5 base points to 4.59%.

Since Fed’s September 1st -Cutting Cutting, Fed Funds Rate has been cut by 100 basic points. However, the US 10-year state school outcome has gone in the opposite direction and rose to 4.6% from 3.6%-a deviation between short-term and long-term rates that have rarely been seen.

This deviation as well as a number of stronger than expected reports of the economy and inflation has not been lost on fat. After the bank’s December meeting, President Jerome Powell made it clear that any additional efforts – at least for the moment – were on wait.

Powell’s press conference after meetings will soon begin, with market participants looking for further guidance on future policy.