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Federal Reserve Hikes US Interest Rate by 0.75 Percentage Point

The latest monetary policy decision from Federal Open Market Committee brings the federal funds rate to a range of 2.25%-2.5%. Bitcoin's price was little changed after the announcement.

By Helene Braun

Updated May 11, 2023, 6:17 p.m. Published Jul 27, 2022, 6:10 p.m.

Federal Reserve chair Jerome Powell at a press conference on July 27th in Washington D.C. (Source: Federal Reserve)