The whole world was watching as the FED members gathered today. After their meeting, the FED announced that they have increased interest rates by 25 basis points. This is the highest rate we’ve seen in 22 years. The decision had an impact on Bitcoin and the crypto markets too.

You might like it: FED Rate Meeting! What’s the Interest Rate Outlook?

In their statement, the FED mentioned that inflation is still high, but the unemployment rate is slowly going down. They are keeping an eye on how things develop economically and financially to decide on future actions for tightening the economy. They will also consider other information related to monetary policy and the effects of their decisions.

Now, the markets are speculating about the future. There’s an 18% chance of another interest rate hike in September and a 36.5% chance in November.

So, after the eagerly awaited FED meeting, the interest rate decision has been made and we’ll have to wait and see how things unfold.

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