How Fed's Rate Hike affects Crypto Market Sentiment

Written by milanavalmont | Published 2022/10/03
Tech Story Tags: defi | economics | usa | inflation | federal-reserve | finance | cryptocurrency | crypto-market

TLDRThe Federal Reserve plays a huge role in keeping the economy stable and keeping inflation under control. With inflation reaching dangerously high levels in 2022, the Fed is facing one of its most difficult problems in decades. Experts believe that future interest rate hikes will severely constrain the US economy, which has endured two straight quarters of negative GDP this year and is either in or on the edge of a recession. If the stock market falls as a result of another rate rise, the crypto market would most certainly fall as well – and vice versa.via the TL;DR App

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Written by milanavalmont | Founder and CEO of KIRA
Published by HackerNoon on 2022/10/03