Crypto-Follow logo Crypto-Follow logo
cryptonews 2022-05-04 18:01:00

Fed Raises Rates by 50 Basis Points as Expected

The US Federal Reserve (Fed) raised interest rates by 0.5 percentage points, to 0.75%-1%, in line with what analysts expected and what Fed Chair Jerome Powell has previously communicated. The decision today followed comments from Fed Chair Powell in late April, saying with regards to interest rate hikes that “it is appropriate in my view to be moving a little more quickly.” The comments came as the US is struggling with the highest inflation since the early 1980s....Read More: Fed Raises Rates by 50 Basis Points as Expected

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer