Michael McSweeney

Bitcoin price falls on news that Federal Reserve has raised key interest rate by 75 BPS

The US Federal Reserve has raised the US federal funds rate to 1.5%-to-1.75%, representing an increase of 75 basis points. The Fed said it also intends to continue reducing its balance sheet. “In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. […]
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Jun 15, 2022, 6:08PM UTC