Bitcoin (BTC) $80,347.93 0.71%
Ethereum (ETH) $2,245.07 -0.99%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 90.6634 -0.64%
Cardano (ADA) $0.27 -0.05%
Chainlink (LINK) $10.24 -0.45%
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Dash (DASH) $44.84 1.96%
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Cryptocurrencies: 28945

Markets: 114125

Market Cap: $2,668,641,902,114

24h Vol: $108,690,481,477

CoinGape

2022-12-14 19:05:43

Breaking: Fed Hikes Rate By 50 BPS As Per Market Expectation, Stocks Go Down

Breaking: Fed Hikes Rate By 50 BPS As Per Market Expectation, Stocks Go Down

Fed Rate Hike Decision News: The Federal Open Market Committee (FOMC) announced a 0.50% interest rate rise, as per the market expectation. The Fed said the repeat rate hikes at ongoing rate increases are likely appropriate. This marks a slowdown in rate hike after several months of rising rates by 75 bps amid inflation concerns. The post Breaking: Fed Hikes Rate By 50 BPS As Per Market Expectation, Stocks Go Down appeared first on CoinGape .

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