0836 GMT - Bitcoin edges higher but remains stuck in a range ahead of the Federal Reserve's policy decision later. The Fed is expected to keep interest rates on hold in a decision at 1800 GMT. Policymakers won't want to "rock the boat" with Fed Chair Jerome Powell likely to reiterate that the Fed is in no rush to cut interest rates further, Pepperstone strategist Michael Brown says in a note. The updated economic projections could raise inflation expectations and lower growth forecasts due to President Trump's tariff policies, he says. However, the latest rate projections should be largely unchanged, he says. This "shouldn't move the needle too much from a market perspective." Bitcoin rises 1.7% to $83,386, according to LSEG. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
March 19, 2025 04:36 ET (08:36 GMT)
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