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Federal Reserve Raises Rates Again By 0.25%, Bitcoin Trades Flat

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The Federal Reserve has raised the rates again by 0.25%. Bitcoin ( $BTC ) is trading flat. Read more here -

The Federal Reserve rose its target interest rate by 25 basis points on Wednesday, in line with market expectations.

The latest hike marks the Federal Reserve’s 11th rate hike over its last 12 policy meetings dating back to March 2022. That said, PCE inflation – one of the Fed’s preferred metrics for rising prices – has proven more difficult to address. This casts doubt on whether the Fed is ready to cease hiking rates, or is planning more to come.

 

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