Bitcoin Price Rises During Fed Rate Hike Cryptocurrency

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On July 27, 2022, the Federal Reserve carried out another rate hike of 75 basis points. This was widely expected at the start of the meeting, with the market attributing a 76.3% chance of a 75bp hike an hour before the meeting, with a (previously) 23.7% chance of a rate hike. 100 bps (1.0%). square. After the meeting and the press conference, the latest market data puts the most favorable odds on 100 basis points of hike remaining to be made by the end of the year, on three other meetings of the FOMC.

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