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Fed Causes Market Crash... by cryptodive

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· @cryptodive ·
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Fed Causes Market Crash...
After the inflation report for May that revealed the inflation of a staggering 8.6%, on June 15th, Fed increased interest rates by 0.75 percentage points. This is the biggest interest rate hike since 1994. This brings the Fed’s benchmark federal-funds rate to a range between 1.5% and 1.75%. 

https://www.youtube.com/shorts/tWdop-abjPU

Interestingly, Crypto and the stock market had already priced this in a few days ago before Fed’s announcement.

Between June 9 – 13th, Bitcoin fell by 25.9%, NASDAQ fell by around 10.2% and S&P 500 by 8.8%. Despite the market crash, the officials expect a rise in benchmark rates to at least 3% this year.

Check the news report [here](https://www.theguardian.com/business/2022/jun/15/interest-rate-us-latest-increase-federal-reserve), treasury rates [charts](https://ycharts.com/indicators/10_year_treasury_rate#:~:text=10%20Year%20Treasury%20Rate%20is%20at%203.49%25%2C%20compared%20to%203.43,day%20and%201.51%25%20last%20year.), and interactive yield curve [graphs](https://www.gurufocus.com/yield_curve.php#:~:text=Definition%20of%20yield%20curve,various%20maturities%20to%20bond%20investors.).

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