The Federal Reserve on Wednesday raised interest rates by 75 basis points, or three quarters of a percentage point, marking the biggest hike in 28 years, in an ongoing effort to bring down soaring inflation that has roiled the economy along with markets from stocks and bonds to cryptocurrencies.
"Overall economic activity appears to have picked up after edging down in the first quarter," the Fed statement reads."Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures."May’s Consumer Price Index
federalreserve HeleneBraunn the same wrong news, i saw BTC's price increase after had the decision
federalreserve HeleneBraunn Team Transitory wins.
federalreserve HeleneBraunn Lol anticipated? Thats odd because up until 3 days ago there was like only a 13% probability of it happening. But oh once they get three days away from the meeting date and turns out everyone was wrong and they flip their thoughts it means it was anticipated? Nah these guys 🤡
federalreserve HeleneBraunn Bitcoin instantly recovered tho
federalreserve HeleneBraunn Beware of market makers 🐳
federalreserve HeleneBraunn Boil frogs in warm water. They only care about their jobs, not their economies.
federalreserve HeleneBraunn They won’t hold be able to hold us down long before the people start booting these politicians out of office! Cryptocrash Bitcoin 🚀
federalreserve HeleneBraunn idk what interest rates do but thats great i guess
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