Fed hikes interest rates by 50 basis points in effort to combat inflation

by Aurelia Butler 4 May 2022, 20:00 129 Views

Markets were braced for Wednesday’s hike, which was the steepest since 2000, so the immediate reaction was expected to be moderate given that Fed chair Jerome Powell had already hinted at a 50 basis-point adjustment earlier in April. However, risk assets such as stocks and even crypto rallied in the immediate aftermath of the Fed announcement.

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Source: Cryptocurrency - investing.com

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Fed hikes interest rates by 50 basis points in effort to combat inflation

As mortgage rates rise, here’s how to decide whether you should buy a home or rent

FAA to increase Florida air traffic controllers, work with airlines to avoid more flight disruptions in state

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