Federal Reserve Hikes US Rate 50 Basis Points, Slowing Pace bu | Binance

Federal Reserve Hikes US Rate 50 Basis Points, Slowing Pace but Keeping Hawkish Outlook
CoinDesk (RSS)

The U.S. central bank raised its benchmark interest rate to a range of 4.25%-4.5% on Wednesday. Officials now expect the current rate-hiking cycle to peak next year at a "terminal rate" above 5%.