Fed raises rates by 25 basis points in first hike since July 2023
The widely expected move places the U.S. Federal Reserve's benchmark fed funds rate range at 3.75%-4.0%.
Key Takeaways
- The widely expected move places the U.S.
- Federal Reserve's benchmark fed funds rate range at 3.75%-4.0%.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Bitcoin’s Fed move could run straight into a $6.3 billion IBIT options wall
A 1.47 million-contract book maps the levels where the post-Fed move could persist or converge, without predicting either outcome. The post Bitcoin’s Fed move could run straight into a $6.3 billion IBIT options wall appeared first on CryptoSlate.
Fed Hikes Rates for the First Time Since 2023, Bitcoin Spikes
The Federal Reserve delivered the hike Wall Street had almost unanimously priced in.
After Years of Holds and Cuts, the Fed Just Raised Rates Again
The Federal Reserve just did something it hadn’t done in 1,148 days: raise interest rates. The Federal Open Market Committee (FOMC) voted 12-0 to lift the federal funds target range by a quarter percentage point to 3.75%-4%, marking the first increase since…