Crypto markets react following US Federal Reserve interest rate hike

Published by
City AM

By Darren Parkin SEVEN DAYS TO GO!Get your tickets here…The US Federal Reserve raised interest rates by 0.25% yesterday but there was a notable change in tone from its previous hawkish wording of ‘ongoing increases’ to a slightly more dovish, ‘some additional policy firming’. Jerome Powell and his colleagues at the Fed are taking a more cautious stance amid the current banking turmoil in the US. “We’ll be looking to see how serious this is and does it look like it’s going to be sustained,” Powell said yesterday of the banking crisis. “It could easily have a significant macroeconomic effect, an…

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