🚨 BREAKING: Bitcoin has rallied to $22,000 after the Federal Reserve increased interest rates by 0.75 percentage points for the second time in a row
The Federal Reserve has increased its base interest rate by three-quarters of a percentage point for the second time in a row.
The Fed says further interest rate rises may be required in the months ahead, but there are fears that this could drive the U.S. into a recession — that is, if it isn't in one already. Stocks also rebounded, and in the immediate aftermath of the announcement, the tech-heavy Nasdaq had risen by 2.3%.
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