US Fed Announces Highest Interest Rate Hike In 28 Years….

It’s way past time for Plan B….we are witnessing what some are calling the beginning of the Greater Depression…the non-federal Federal Reserve announced moments ago an interest rate hike of 75 basis points….the highest since 1994…

Bitcoin Volatility Skyrockets as Fed Announces 75 Basis Point Rate Hike

  • At the time of writing, Bitcoin trades at $20,457. It shot as low as $20,079 at about 18:10 UST, after reaching up to $21,222 at about 17:55 UST.
  • Bitcoin has a tendency to experience volatility the moment the Federal Reserve announces an interest rate decision. However, the announcement’s true effects are often not felt until a few days after it takes place.
  • Last month, the Fed announced a 0.5% rate hike – the highest in 22 years at the time. Bitcoin pumped briefly after the reveal but dumped in the following days alongside the stock market.
  • The opposite may be true of this hike, however. Some believe that markets may have already priced in the rate hike after CPI inflation was reported at 8.6% last Friday.
  • This alone suggested that the central bank may hike rates faster than previously planned, despite ruling out 75-point increases at the previous meeting.
  • At the Federal Open Markets Committee Press Conference today, chairman Jerome Powell confirmed that the Fed will continue working “expeditiously” to bring inflation down.
  • That includes reducing the Fed’s balance sheet size and implementing more 75 basis point rate hikes in the future. However, decisions will be made “meeting by meeting.”



Master Asked on June 15, 2022 in Cryptocurrency.
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