Fed Hikes Rates for the First Time Since 2023, Bitcoin Spikes
The Federal Reserve delivered the hike Wall Street had almost unanimously priced in.
We haven't written up this one. Decrypt has the full story — the link below goes straight to it.
More in Finance & Markets
This Latest Move by Amazon Could be a Game Changer
While cloud computing is its biggest breadwinner, the company hasn't forgotten its roots.
The Fed is raising interest rates for the first time since 2023 as inflation persists
The unanimous decision, which came with officials signaling another rate hike to come, reflected a central bank that had been moving in a hawkish direction for months
La Fed va à l’encontre de Donald Trump et augmente ses taux directeurs pour lutter contre l’inflation aux Etats-Unis
La Réserve fédérale américaine a choisi, mercredi 16 septembre, de relever ses taux directeurs d’un quart de point, entre 3,75 % et 4 %, afin d’enrayer la hausse des prix.
Dollar Index Cracks 100 as Fed delivers hawkish hike
The Fed has raised its rate to 3.75-4.00%, its first increase since 2023. This index measures the Dollar against six currencies, and it is not a broad measure. The Euro alone is 57.6% of it.
BTS Ties Its Own Longevity Record As The Band’s Hit Single Returns
BTS’s “Swim” returns to the Adult Contemporary chart and reaches 20 weeks on the ranking, tying “Dynamite” and “My Universe” as the group’s longest-running hit.
UAE Central Bank raises base rate to 3.9% after US Fed rate hike
Dubai: The UAE Central Bank has raised its base rate by 25 basis points to 3.9%, following a similar increase by the US Federal Reserve .