The post How Will Crypto Market React if Fed Hikes Rates Above 400 bps? appeared first on Coinpedia Fintech News
The Federal Open Market Committee (FOMC) of the Fed steers the economy through periods of inflation and recession as it uses quantitative tightening and reserve easing to sustain the money supply. Therefore, a rise in interest rates caused market volatility. At the FOMC meeting on Thursday, the Federal Reserve discussed its strategy to combat inflation. …
