The FED Raised Interest Rates By 0.75%

The US Federal Reserve has just completed its meeting on raising the base interest rate. Now it is 2.5%, which has increased by 75 basis points or 0.75%.

Expectations laid down in the market were justified; that is, significant positive or negative changes in the market should not be expected.

However, at 21:00 Moscow time, a high-growth candle formed on the BTC/USD chart. At the time of writing, Bitcoin is already trading at $22,398.

This suggests that the announced interest rate did not turn out to be higher than expected, and the market may breathe a little.

However, this is the second consecutive 75bp rate hike from the Fed. And this is against the backdrop of rising inflation. The Fed has not pursued such an aggressive policy since the 1980s.

Well, we continue to monitor the situation and see where it leads not only to the stock markets but also to the cryptocurrency market.

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