WuBlockchain Weekly:Slow Pace of Rate Hikes、Rally、The Merge Narrative and Top10 News
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Top10 News 1、75bps rate hike, preliminary real GDP annualized quarterly rate recorded at -0.9%, the market rose instead of falling The Federal Reserve announced in the early hours of the 28th that it would raise the target range for the federal funds rate by 75 basis points to a level of 2.25% to 2.5%, the second consecutive 75 basis point rate hike. The Fed will accelerate its "tapering" from September as planned, i.e. raising the monthly reduction cap on U.S. Treasuries to $60 billion. As Fed Chairman Powell discussed a possible slowdown in the pace of interest rate hikes, the Nasdaq rose 4% after the message was released, and ETH rose 15% in 24 hours.
WuBlockchain Weekly:Slow Pace of Rate Hikes、Rally、The Merge Narrative and Top10 News
WuBlockchain Weekly:Slow Pace of Rate…
WuBlockchain Weekly:Slow Pace of Rate Hikes、Rally、The Merge Narrative and Top10 News
Top10 News 1、75bps rate hike, preliminary real GDP annualized quarterly rate recorded at -0.9%, the market rose instead of falling The Federal Reserve announced in the early hours of the 28th that it would raise the target range for the federal funds rate by 75 basis points to a level of 2.25% to 2.5%, the second consecutive 75 basis point rate hike. The Fed will accelerate its "tapering" from September as planned, i.e. raising the monthly reduction cap on U.S. Treasuries to $60 billion. As Fed Chairman Powell discussed a possible slowdown in the pace of interest rate hikes, the Nasdaq rose 4% after the message was released, and ETH rose 15% in 24 hours.