Bitcoin Price Prediction as Federal Reserve Interest Rate Decision Announced Fed's Powell: There's No Indication That Inflation Is Decreasing The Federal Reserve has increased interest rates by 0.75 percentage points in its ongoing fight against inflation.
The markets reacted negatively when Fed Chair Jerome Powell indicated a rationale for halting the increases by saying it was "extremely premature" to discuss a pause.Consumer Price Index numbers show that year-over-year inflation has remained persistently high, falling from a June high of 9.1% to 8.2% as of September. That's far more than the 2% inflation target set by the government.
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