Crypto News: Bitcoin Rises Above $22,000 As Fed Raises Interest Rates By 0.75%

[AJBot]

The FOMC increased interest rates by 0.75 percentage point while indicating ‘unusually large’ hikes may be appropriate in future meetings; Bitcoin’s price jumps.The FOMC raised target rates for the federal funds rate by 75 basis points.Federal Reserve Chairman Jerome Powell indicated “unusually large” increases could be appropriate in future meetings.Powell also stated a period of economic slowdown will be necessary to restore price stability.The Federal Open Markets Committee (FOMC) r ...

Continue reading the above news article, by clicking here.

Administration and Moderation NOTE: A Reminder, the above news is provided for free, through a RSS Feed. The above quote does NOT include the full story. In order to continue to read more past what is quoted, please click through to the article, by clicking on the link provided above through the "continue reading" text.

Please be sensible and follow our terms of service and rules, when replying and debating the news article.