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Fast Take
The Federal Reserve raised the federal funds fee by 25 bps.
This took the federal funds fee to 4.75 – 5%
Bitcoin value stayed comparatively flat – $28,500
The Fed sees 5.1% on the median dot plot for 2023.
The Fed additionally expects another fee hike.
Drops “ongoing fee hikes” from statements. “US banking system is sound and resilient.”
All eyes at the moment are on Powell, discussing the brand new Fed Dot Plot and financial projections at 6:30 PM GMT.
The publish FOMC Verdict: Charges raised by 25bps, FOMC dot plot stays unchanged, Bitcoin stays at $28,500 appeared first on CryptoSlate.
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