Federal Reserve Makes 5th Consecutive Rate Hike Sending Markets Lower

The Fed raised interest rates by 75bps for the third consecutive time in a widely anticipated move that sent waves of volatility to both the crypto and equity markets.

The Fed raises interest rates by 75 basis points for the third straight meeting.

Crypto markets experienced volatility following the Federal Reserve’s decision.

The cryptocurrency market is moving “at the whims of the Fed.”

Following a unanimous vote, the Federal Reserve decided to hike interest rates by 75 basis points marking the fifth consecutive time rates have been raised and the third by this amount. This announcement from Chairman Jerome Powell Wednesday was a widely anticipated rate hike in response to hawkish inflation. This decision to hike rates again …

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