⬇ -9 BREAKING: Bitcoin Unfazed as Fed Hikes Interest Rates for the First Time Since 2018 $BTC bitcoin
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Fed raises interest rates for first time since 2018, citing high inflation, Ukraine warThe Federal Reserve raised a key interest rate by a quarter point Wednesday and signaled more hikes are planned in an effort to cool record-high inflation that is squeezing family budgets and bedeviling Democrats and the White House in the midterm election year.
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Federal Reserve Raises Interest Rates For First Time In More Than 3 YearsFor the first time in more than 3 years, the Federal Reserve is raising interest rates. The central bank made the announcement March 16 at the conclusion of its monetary policy meeting.
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Bitcoin Breakout Elusive as Traders Price in 7 Fed Rate Hikes For 2022Bitcoin narrowly misses a breakout above $40,000 as traders ramp up Fed rate hike bets. reports godbole17
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Fed expected to raise interest rates Wednesday in an effort to control inflationThe Fed is expected to hike rates between 0.25-0.50% at first, with similar hikes anticipated throughout the rest of the year.
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As Fed hikes benchmark interest rate 25 basis points, here’s what that means for your credit-card bill, savings, car loans and mortgage repaymentsA quarter-percentage-point increase will not make a big difference to a credit card’s annual percentage rate or savings account’s annual percentage yield, experts say. But stack several rate increases together and consumers will start to feel the pinch.
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Dow jumps 600 points, oil slides to $96 off 27% from peakInvestors eye falling commodities ahead of the Fed's decision on interest rates.
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