The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise

Posted on November 2, 2022
In Bank Rate, Central Bank, crypto, crypto markets, dow jones, Economics, Fed Chair Jerome Powell, Fed policymakers, FFR, FOMC, gold, Great Depression, Great Recession, Inflation, Interest rate, interest rate hikes, nasdaq, NYSE, Rate Hike, Recession, s&p 500, silver

The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise The U.S. Federal Reserve introduced another jumbo rate hike on Wednesday, Nov. 2, 2022, by hiking the federal funds rate (FFR) by 75 basis points (bps). The American central bank said on Wednesday that the hike aims to curb inflation and the Fed says “recent indicators point to modest growth in spending and production.” U.S. […]
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