# Ethereum topped $2,300 as Fed left rates unchanged

*Crypto|Economics. 58% certain. Friday, 1 January 2027*

> Speculative fiction assembled from prediction-market prices. This has not happened.

**The Federal Reserve kept its benchmark rate at 4.25% through 2026, and Ethereum rose above $2,300 in October.**

Ethereum's price moved above $2,300 on Friday 16 October. The milestone was recorded during October's trading activity.

The Federal Reserve announced on Thursday 29 October that it would keep its policy rate unchanged. The decision left the benchmark rate at its existing level. No adjustment was made to the target range.

By 1 January 2027, the Fed's benchmark rate stood at 4.25 percent. The rate had remained at that level since the October announcement. The unchanged stance persisted throughout the year.

Ethereum's price rise and the steady monetary policy occurred in the same month. Both events were recorded in October 2026. The data were reported together in the week's financial summaries.

## Analysis

The Federal Reserve's decision to hold rates steady at 4.25 percent reflects a view that inflation pressures have eased enough to pause tightening, leaving borrowing costs unchanged for consumers and businesses and preserving current liquidity conditions.

## What this was built from

- **Will the price of Bitcoin be above $80,000 on October 16?**: Yes, 92%; settles Friday, 16 October 2026 (polymarket). [Market](https://polymarket.com/event/bitcoin-above-on-october-16-2026)
- **Will the price of Ethereum be above $2,300 on October 16?**: Yes, 96%; settles Friday, 16 October 2026 (polymarket). [Market](https://polymarket.com/event/ethereum-above-on-october-16-2026)
- **Fed Decision in October?**: No change, 84%; settles Thursday, 29 October 2026 (polymarket). [Market](https://polymarket.com/event/fed-decision-in-october-20260617190323537)
- **What will the Fed rate be at the end of 2026?**: 4.25%, 58%; settles Friday, 1 January 2027 (polymarket). [Market](https://polymarket.com/event/what-will-the-fed-rate-be-at-the-end-of-2026)