CoinCodex: Crypto Market Rallies After the Interest Rate Hike Announcement, BTC and ETH Gain Roughly 10% Each
Yesterday, the Federal Reserve (Fed) announced the second consecutive increase in the federal funds rate. As was widely expected, the Federal Open Market Committee (FOMC), a committee consisting of twelve Fed officials, increased the interest rate by 0.75 percentage points in order to fight the growing inflation.
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