Home Bitcoin News Fed Hikes Rate at Fastest Pace in 22 Years, Will Start Shrinking Balance Sheet

Fed Hikes Rate at Fastest Pace in 22 Years, Will Start Shrinking Balance Sheet

by Valhalla Team
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In a widely anticipated move, the Federal Reserve raised the official U.S. interest rate by half a percentage point, while saying it will reduce the size of its balance sheet by $47.5 billion a month for three months, and going up to $95 billion a month starting in September, according to a statement Wednesday from the Federal Open Market Committee.



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