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Cryptocurrencies: 28611
Markets: 116269
Market Cap: $2,430,187,865,427     
24h Vol: $53,717,890,575
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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