US Federal Reserve Raises Interest Rates since 2018: Implications for Crypto

The United States Federal Reserve announced to raise its interest rates by 25 basis points, the first time in about three years it will be making such a move since December 2018.

When the Coronavirus pandemic hit in 2020, the apex central bank reduced the interest rate to Zero in order to help the economy cushion the strain being ushered in by the pandemic.
The Justification for the Interest Rate Hike
Two years down the line, the economy has notably been experiencing a massive inflation spike that the drivers of the United States economy believe is best addressed by raising the interest rates.


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