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Economy, business and finance
US Fed Rate Hike: How Global Stocks, Oil, Gold, Bond Yields, Bitcoin Are Reacting
US Fed raised rates by 25 bps. Here's how global stocks, gold, US bond yields, oil, dollar and Bitcoin reacted to the Fed rate hike.
US Fed Rate Hike Impact: Global financial markets are adjusting to a more hawkish-than-expected Federal Reserve after the US central bank raised interest rates by 25 basis points on Wednesday, taking the federal funds target range to 3.75%-4%.
The rate hike was widely expected, but the Fed’s updated projections pointed to one more rate increase this year, keeping pressure on risk assets and reinforcing the US dollar. The central bank’s decision was unanimous.