Federal Reserve Raises Interest Rates By 75 Basis Points

In a widely anticipated move, The United States Federal Reserve hiked interest rates by 75bps for the fourth consecutive time. Major equity markets plummeted, and Bitcoin slips but holds 20K. Central bank officials hint at a smaller rate hike in Fed’s upcoming December meeting, taking into account “lags with which

The Federal Reserve hiked interest rates by 75bps in a widely anticipated move.

Major equity markets plummeted | Bitcoin slipped but held 20K.

Officials hint at smaller potential rate hike in Fed’s upcoming December meeting.

Powell believes Fed should err on the side of overdoing rather than undergoing.

Eyes shift to the U.S. jobs report for October, scheduled to be released Friday.

In a widely anticipated move, The United States Federal Reserve hiked interest rates by 75 basis points for the fourth consecutive time. The Federal interest rate now sits at 3.75% to 4 %. For the past few months, The Fed has aimed to pump the cost of borrowing to cool the economy and control inflation …

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