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Fed Raises Benchmark Interest Rate by 25 Basis Points

The prospect of higher rates has weighed on bitcoin and other risky assets.

Updated May 11, 2023, 4:58 p.m. Published Mar 16, 2022, 6:11 p.m.
Fed Chair Jerome Powell (Brendan Smialowski-Pool/Getty Images)
Fed Chair Jerome Powell (Brendan Smialowski-Pool/Getty Images)